ICYMI – Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)

Justin had the news on this on Monday.

Morgan Stanley cited:

• recent slowdown
• signs of labour market weakness

MS added that the lingering effects of the 16-year Bank rate will weigh on growth:

• peak impact of the BoE’s policy tightening is likely behind us
• drag on the economy still persists

Bank of England Bank Rate is currently 4.75%

This article was written by Eamonn Sheridan at www.forexlive.com.