国际英语资讯:Spotlight: Conservative win not enough to boost UK economy_时事

国际英语资讯:Spotlight: Conservative win not enough to boost UK economy

Amid domestic political uncertainty, the seasonally adjusted IHS Markit/CIPS UK Composite Output Index stood at 49.3 in November, down from 50.0 in October, and signaled a marginal reduction in private sector output.

The Bank of England said in its latest policy report in November that growth in the British economy has been volatile this year in part because of Brexit preparations. The central bank expected the annual pace of growth to rise from around 1 percent at the end of this year to more than 2 percent by the end of 2022.

"After two-and-a-half-years of operating with a hung parliament, a Conservative majority would ensure the government can pilot its policies through parliament," said Goodwin.

"But for companies who trade heavily with the EU, the question of access to that market will remain unresolved until negotiations on a UK-EU free trade agreement are complete," he added.

Goodwin noted that the greater uncertainty is over negotiations on the future relationship. Although Johnson has repeatedly pledged not to extend the transition period beyond Dec. 31 2020, "it would be highly unusual for a trade deal to be completed so quickly," said the economist.

According to Britain's National Institute of Economic and Social Research, gross domestic product growth will be 1-1.5 percent in 2019 and 2020, based on the assumption of continued uncertainty as the terms of EU trade remain unchanged but unresolved.