LONDON, Dec. 13 -- British Prime Minister Boris Johnson's Conservative Party gained a landslide win on Friday in Britain's general election, but economists said his victory is not enough to boost the country's economy in the near term.

"The Conservative Party's election win clears the way to ratification of the Brexit withdrawal agreement and the UK's exit from the EU (European Union) on Jan. 31," said Andrew Goodwin, a senior economist at consultancy firm Oxford Economics.

However, he noted it was unlikely that the decisive Conservative victory would lift the fog of uncertainty and offer a material boost to near-term growth prospects.

In the context of a slowdown in the global economy, the British economy is already on the edge of recession.

According to the latest data of Britain's Office for National Statistics, the British economy avoided a recession by growing 0.3 percent in the third quarter and stayed flat in October, following a 0.2-percent contraction in the second quarter.

Economists mainly blamed the prolonged Brexit crisis for the weakness of the economy.

Tim Moore, an economics associate director at global information provider IHS Markit, said that November's Purchasing Managers' Index surveys "collectively suggest that the UK economy is staggering through the final quarter of 2019, with service sector output falling back into decline after a brief period of stabilization."

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