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The British manufacturing sector pulled the English economy into contraction for the first time since 2012. Real GDP declined by 0.2% Q/Q in the second quarter of 2019, another minus sign to add to the growing global list. Goods production fell sharply, down 2.3% in Q2 from Q1. It was the biggest decline since 2009.
And it is being blamed on Brexit "uncertainty." The most powerful forces in the entire world right now are, we are told, varying brands of the stuff. There's Brexit, populists, and, the most widely discussed, $3 billion worth of a