U.K economy shrinks by 0.2% as Brexit bites

The British economy shrank in the second quarter of the year for the first time in 6 and a half years as a business investment we affected due to Uncertainties regarding Brexit. Brexit was supposed to be conducted in March but due to parliament’s rejection of withdrawal agreement signed with EU, Brexit is delayed till October. Due to the uncertainties regarding Brexit deal, companies have stopped stockpiling of products and this situation is burdening growth rate of the state.
Source: Marketwatch news

About the Author

Fatima Majeed has been associated with the profession of Journalism for the last seven years. During this tenure, she has worked in different roles in various popular media houses. Since 2014, she has been working as an Urdu and English News Editor, Social Media Reporter as well as Youtuber. In this profession, she presents the latest news, organizes it in a proper meaningful way, and brings social and political issues in limelight with the power of her pen...

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