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    Moody's slashes UK and Eurozone growth following Brexit vote Dhwani Mehta

    Following the Brexit fallout, the US ratings agency, Moody’s Investors Service, lowered growth forecasts for the UK and Eurozone, citing crumbling confidence in the UK as the key reason.Key Headlines:UK GDP2016 1.5% vs 1.8% prior2017 1.2% vs 2.1% priorEurozone GDP2016 1.5% vs 1.7% prior2017 1.3% vs 1.6% priorReasons for the outlook downgrade:Vote is likely to result in a shock to confidence that will curb UK economic growthEZ cut reflects country specific developments combined with limited spillovers from Brexit


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