Are we heading towards a recessionWatch
Much like the Eurozone and US PMI data suggests that manufacturing and construction data is at or below recession levels (that is a somewhat cyclical global issue compounded by the trade war) however service sector data while weak, remains positive. With services making up around 80% of the economy, that may keep us above the water line.
So the answer is yes but unfortunately for remainers Q2/Q3 is as much down to external factors as Brexit.
Q4 data of course could do anything depending on deal, extend or no deal.
- Political Ambassador