UK: Slowing growth, but above-consensus this year - Nomura

Analysts at Nomura expect a downturn in the UK economy.

Key Quotes:

"Economic growth has surprised to the upside thus far, but our view is that a slowdown is coming. Investment then consumer spending should weaken, with net trade contributing positively over the forecast horizon. 

We are above consensus for GDP growth this year (1.8%) but expect a slowing in 2018 and 2019 as Brexit materialises."

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