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Main » 2016 » July » 19 » The European Commission forecasts a possible recession in the UK
The European Commission forecasts a possible recession in the UK



BRUSSELS (Reuters) - Britain's economy may fall into recession in the next year after the adoption of the decision last month to leave the EU - The European Commission said on Tuesday in its first assessment of the economic impact of «Brexit».



On the Commissioner for Economic Affairs, Pierre Moscovici last week said that the cumulative negative effect on the gross domestic product (GDP) of the UK will be from about 1% to 2.5% by 2017. United Kingdom, is expected to face a "significant slowdown" that limit economic growth between 1.3% and 1.6% this year, well below the previous estimate of growth of 1.8%. the following year, the European commission has modeled a much worse situation in which economic growth will fall to 0.3% in the worst case. in the most optimistic scenario, GDP UK product will grow by 1.1% in 2017, still far less than the 1.9% that had been projected earlier.results of the referendum on June 23 "will affect not only the economic development of the UK, but also the rest of the EU mainly through investment, trade and migration ", - added the Commission. it is estimated GDP growth in the euro area will be moderate in 2016 to 1.5-1.6%, and economic growth will slow from 1.3% to 1.5% in 2017. If you want to start investing in the PAMM? We propose to get acquainted with the basic principles of the PAMM-investment , which makes it possible to earn without trading on their own.




Based on materials WELTRADE

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