The UK economy has been under significant strain over the past year and, with an exit from the EU looming, seems unlikely to rally any time soon.
Output shrank for the first time in seven years during the second quarter of 2019.
A combination of Brexit-related uncertainty, stockpiling ahead of the original exit date and global trade tensions all led to it contracting by 0.2%, compared with the previous three months. That, coupled with the ever-declining rate of the pound is making it a tough time for businesses.
While no one can predict what will happen on October 31, The Press and Journal aims to help firms better prepare for the unexpected when we host the second in its business breakfast series, in partnership with Deloitte and Turcan Connell.
The Economic Forecast, at MacDonald Norwood Hall Hotel on October 2, will hear from Debapratim De, senior economist at Deloitte; and David Rennie, head of partnerships at Scottish Enterprise, and provide advice and insight into how to negotiate Brexit – and what may happen to businesses and the economy in the future.
Turcan Connell partner Paul Macaulay, who will be chairing the discussion, said: “We are delighted to again be supporting The Press and Journal in the breakfast series. This event will allow those gathered to discuss the future goals for the north-east economy.”
Debapratim De said: “I’ll be talking about the key themes shaping the global economy today, from rising protectionism to slower growth in China. I’ll also share my thoughts on the economic implications of a no-deal Brexit and what changes businesses can expect in these times of elevated economic and political uncertainty.”