Morgan Stanley has forecast UK’s economic growth would be less than 1 per cent this year, echoing the estimate of its Wall Street peers Goldman Sachs and J.P.Morgan, citing a slowdown in Britain’s economy and signs of labour market weakness.
The brokerage now expects the UK’s gross domestic product growth to be 0.9 per cent in 2025, compared to its prior forecast of 1.3 per cent.
However, the Bank of
