Our comments

UK GDP: official data to show economy flatlined in second quarter – business live

Khalid Talukder 9 August 2019

Khalid Talukder, Chief Operating Officer, Elemental Financial comments:

With the economic storm clouds gathering ahead of a potential no-deal Brexit scenario, it’s vital that businesses make the necessary preparations to boost productivity and trade with markets outside of the EU.
 
Today’s data showing the slowing of growth should serve as a major wake-up call for industry and financial services organisations that have yet to build an international blueprint for working relationships with emerging markets.
 
The case for building bridges with developing countries is overwhelming, particularly when so many of our biggest banks cut ties these critical markets in the last recession. Reconnecting to these trade areas should be a top priority for every business that wishes to thrive despite the inevitable turbulence after 31st October.