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UK GDP report expected to show Brexit slowdown in August – business live

Rolling coverage of the latest economic and financial news, including the latest UK GDP report

8.00 am BST

Germany’s economy is also struggling, compounding the risks to the UK economy.

New data is demonstrating that German exports slumped by 3.9% year-on-year in August, the worst performance this year, with importations falling by 3.1%.

Based on provisional data, the Federal Statistical Office( Destatis) likewise reports that German #exports decreased by 3.9% and #imports by 3.1% in August 2019 time on year. https :// t.co/ WCyTEEbiGE pic.twitter.com/ Cd8YXqszRa

7.38 am BST

Good morning, and welcome to our wheel coverage of the world economy, the financial markets, the euro area and business.

Two of the City’s large-scale dreads – a Brexit-induced recession and a full-blown trade war – are in the spotlight today.

Continue reading …

Read more: theguardian.com

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