Morgan Stanley cuts UK’s 2025 GDP development forecast to 0.9%


© Reuters. FILE PHOTO: A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. REUTERS/Hannah McKay/File Photo

(Reuters) – Morgan Stanley (NYSE:MS) on Monday reduce its UK’s financial development forecast to 0.9% for this yr, citing a slowdown in Britain’s financial system and indicators of labour market weak point.

The brokerage had earlier projected the gross home product development at 1.3%.

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