Article 4MZBR With Britain on the cusp of recession, 'doomsters' may be proven right

With Britain on the cusp of recession, 'doomsters' may be proven right

by
Richard Partington Economics correspondent
from on (#4MZBR)

Brexit uncertainty has acted like a handbrake on business activity and dictating corporate caution

When Boris Johnson became prime minister he said the "doubters, doomsters, gloomsters" had got Britain wrong.

After that first speech on the steps of Downing Street, the prime minister faces an early test, with official figures suggesting the economy is on the cusp of recession.

Gross domestic product (GDP) measures the total value of activity in the economy over a given period of time.

Related: The dramatic drop in sterling is only a taste of what is to come | Sam Gyimah

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