UK becoming ‘emerging market country’ – Saxo Bank ...News

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UK becoming ‘emerging market country’ – Saxo Bank
The energy crisis and spiraling inflation are crushing the British economy, according to the bank’s analyst The UK is “more and more looking like an emerging market country,” Saxo Bank Head of Macro Analysis Christopher Dembik said in a research note on Monday, CNBC reports. The analyst pointed to political instability, trade disruptions, an energy crisis, and skyrocketing inflation as major indicators behind this. “What Brexit has not done by itself, Brexit coupled with Covid and high inflation have succeeded in doing,” Dembik wrote. “The UK economy is crushed.” According to him, the only thing prohibiting it fro

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