November 23, 2017 / 3:06 PM / 3 months ago

New UK forecasts confirm slide against euro zone

LONDON (Reuters) - Britain’s budget forecasters cut the country’s economic outlook on Wednesday, confirming a widening gap with the resurgent euro zone.

Britain’s relative decline comes as London and Brussels position themselves for the former’s departure from the European Union.

It is unclear how much of Britain’s diminishing GDP over the next few years is tied to Brexit, but uncertainty over the outcome is widely blamed.

Here is a graphic showing the tale of two economies:

 

Reporting by Jeremy Gaunt; Editing by Hugh Lawson

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