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Graham Watson's curator insight,
January 17, 2019 12:20 PM
"We're doomed, captain"
Consumer borrowing is slowing, as is demand for mortgages, and in an economy heavily dependent upon spending this can only mean one thing. Lower growth. |
The latest data on consumer borrowing suggests that credit card use has dipped, and thus it seems reasonable to expect consumer spending to drop too.
And that's not good - but it seems to be a consequence of Brexit.