{"id":140619,"date":"2019-12-15T16:00:45","date_gmt":"2019-12-15T16:00:45","guid":{"rendered":"https:\/\/www.bnreport.com\/brexit-stockpiling-boosts-uk-economy-in-february-13\/"},"modified":"2019-12-15T16:00:45","modified_gmt":"2019-12-15T16:00:45","slug":"brexit-stockpiling-boosts-uk-economy-in-february-13","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/brexit-stockpiling-boosts-uk-economy-in-february-13\/","title":{"rendered":"Brexit stockpiling boosts UK economy in February"},"content":{"rendered":"<p>The U.K. economy grew in February, by 0.2 percent from January, as manufacturers churned out goods for clients stockpiling ahead of Brexit, <a href=\"https:\/\/www.ons.gov.uk\/economy\/grossdomesticproductgdp\/bulletins\/gdpmonthlyestimateuk\/february2019\" rel=\"noreferrer noopener\" target=\"_blank\">data<\/a> from the Office for National Statistics showed Wednesday.<\/p>\n<p>The figures show Britains economy grew by 0.3 percent in the three months to February, with GDP growth hitting 2 percent year-on-year.<\/p>\n<p>But while Februarys growth beat economists forecasts, growth looks set to be the weakest in a decade this year amid the uncertainty around Britains departure from the European Union, according to forecasts from the IMF and the Bank of England.<\/p>\n<p>Earlier this week, the International Monetary Fund <a href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2019\/03\/28\/world-economic-outlook-april-2019\" rel=\"noreferrer noopener\" target=\"_blank\">forecast<\/a> that a worst-case, no-deal Brexit scenario, with severe border disruption and the imposition of tariffs, could tip the U.K. into a two-year recession, with GDP growth sliding by 1.4 percent and 0.8 percent in the first years after leaving the EU.<\/p>\n<p>Britains economy would be expected to grow by 1.2 percent this yea<a href=\"https:\/\/www.politico.eu\/article\/brexit-economy-stockpiling-boost-uk-february\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.K. economy grew in February, by 0.2 percent from January, as manufacturers churned out goods f..<\/p>\n","protected":false},"author":1,"featured_media":140621,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-140619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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