Growth Rate: Brexit Referendum and Uk Economy

growth rate: In normal times, a quarterly growth rate of 0.6% would be wholly unexceptional for Britain and hardly worthy of comment, according to The Guardian. The economy has tended to expand by about 2.0% to 2.5% a year, so 0.6% over three months is about par for the course. That sums up the performance of the UK economy in the first three months after the Brexit referendum in June. These, though, were not normal times. Threadneedle Street predicted that the economy would barely grow in the third quarter. The expectation of the Bank of England, the International Monetary Fund, the Treasury and the Organisation for Economic Cooperation was that a vote to leave the EU would result in instant economic carnage. (news.financializer.com). As reported in the news.