The UK could be the next largest developed economy to embark on further aggressive monetary easing; that’s according to a Global Macro Strategy research note published by UBS earlier this week.
According to the Swiss bank, there are signs that the UK’s economic growth could slow further this year after a broad-based slowdown was reported during the first quarter. Although the UK economy has recorded 13 successive quarters of economic growth, the four quarter average slowed during the first quarter of 2016 to its weakest pace since Q1 2013.
Slowing growth ahead of Brexit
The UK’s quarterly GDP growth rate fell to +0.4% for the first quarter of 2016, matching the weakest reading since Q4 2012.
There have been several disappointing date prints released...
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