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Brexit has already hammered the UK economy


NelsonG

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Everyone thought Brexit would spell doom for the UK economy. Those predictions are starting to come true, according to new data

The UK economy endured its worst month since April 2009, when the country was in the throes of the global financial crisis. That's according to the Purchasing Managers' Index, which tracks the manufacturing and service sectors. 

These core economic indicators dropped at the quickest rate in more than seven years, with both sectors contracting in July. 

The graph below indicates just how bad the immediate post-Brexit impact appears to be. The big trough is the global financial crisis. Read more...

More about Economy, Brexit, and Business pHaMiG-R-7I

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