The British economy will likely continue to shrink this year and this trade deal between the United States and Britain will continue to keep its pace in the years ahead, a survey of trade economists suggests.
The results are based on a survey published Tuesday by the British Chambers of Commerce and the World Bank that found that British exports to the United Kingdom have contracted by a whopping 24 percent this year compared with the same period last year, even as exports to Canada, France and Germany have grown.
The UK has also been hurt by a surge in imports from the United Arab Emirates and by rising costs from China.
That combination has pushed the cost of imported goods into negative territory.
The Bank of England said last month that its forecasts showed that the UK economy will grow by 0.3 percent in 2017 and by 0,3 percent this fiscal year.
The British Chambers is the largest trade association in the country, and it is the only one of its kind in the world.
It says the trade balance with the U.K. will fall by 6.1 percent this financial year, with the economy forecast to contract by 0 percent this past year.
This will be followed by a 0.5 percent contraction in 2018 and a 0 percent contraction this fiscal.
That compares with a 0,7 percent contraction last year.
“We are in the early stages of a global economic recovery, and there are signs that trade between our two countries is picking up,” said Steve Wilson, the British Chamber’s chief economist.
“But it’s also true that some of the trends are likely to remain strong.
“It’s hard to predict how long that might be, but we expect the economy to remain on a strong growth path until 2021, which is the year we leave the EU. “
In fact, there is reason to think that the economy will continue its steady growth in 2018,” he said.
“It’s hard to predict how long that might be, but we expect the economy to remain on a strong growth path until 2021, which is the year we leave the EU.
We can’t wait for the next decade, because then things are going to start to slow down.”
Inflation has also risen sharply in Britain, which has had to adjust to a rising cost of living.
This has led to a drop in consumer spending.
A recent survey of economists at the Bank of International Settlements showed that inflation in the U