Download our full UK Industry report below for additional insights on the UK economic outlook, a deep dive on trends in corporate liquidations and payments performance, as well as recommendations from our expert economist team.
Summary:
Dun & Bradstreet forecasts that real GDP growth will expand by around 1.0%, followed by 1.3% in 2020 (assuming a managed exit from the EU). These would be the lowest growth figures since the financial crisis in 2008-09.
A surprising statistic is that prompt payments improved in the third quarter of 2019, painting a picture of microeconomic strength, the number of corporate liquidations remained almost stable in the same period. In July-September, Dun & Bradstreet recorded 4,086 corporate liquidations, up by a marginal 0.7% y/y but down by 0.7% q/q. This follows very small changes in Q2 2019 which means that for two quarters in a row, the risk of non-payment in the UK has remained unchanged.
