Economy heads into 2020 with very little momentum

The economy seems to be heading into 2020 with very little momentum. And we do not have high hopes for next year. Indeed, whatever the Brexit drama delivers in 2020, it seems likely that uncertainty will continue to hold back GDP growth. At least a slight easing in uncertainty and a fiscal stimulus should generate some improvement in the quarterly rate of GDP growth next year. That will lay the foundations for a rise in the annual rate of growth from 1.0% in 2020 to 1.8% in 2021.