LONDON - Britain’s economy slowed last year to its weakest growth rate since the global financial crisis as mounting uncertainty over Brexit weighed on businesses and kept a lid on their investments, official figures showed Monday. Britain’s economy was likely hurt by global trends, such as trade tensions between the U.S. and China that have weighed on world growth. “There is no doubt that our economy is being overshadowed by the uncertainty created by the Brexit process,” he told Sky News. In 2018, net trade was a drag on the British economy as it imported more than it exported, a possible reflection of the waning effects of the prior year’s fall in the pound and a slowing global economy. Analysts were careful not to conclude that the British economy would start contracting in the first quarter of 2019, not least because British consumer spending tends to be resilient.

Source: thestar February 11, 2019 10:35 UTC