Will the Falling Pound have a J curve Effect?

The pound was substantially weakened by the BREXIT vote. Twelve months on the impact of the weaker pound is becoming clear. Inflation has risen as imports have become dearer. Economists call this imported inflation. This has hit consumption as people are spending less due to higher prices, so our economy is growing more slowly. In August 2017 we have the slowest growth of any country in the G7. This is because of stagnant levels of consumer spending and low levels of investment due to the