Medium-Term UK Macroeconomic Perspectives

Chapter

Abstract

Welfens discusses the macroeconomic perspectives of the United Kingdom, from the earliest forecasts from the International Monetary Fund in July, just weeks after the referendum on June 23rd. Issues are explored such as the depreciation of the Pound after the vote and slowing growth rates. British economic development is likely to suffer, falling behind that of Germany in the medium term. Welfens explores topics ranging from exports and interest rates to stock market volatility and the current account position. Are the Bank of England and the European Central Bank going to compete on interest rates? An economic analysis also suggests that comments by “Exit Minister” David Davis in relation to potential partners for a “Global Britain” in terms of free trade agreements are largely illusory.

References

  1. Bank of England. (2016). Inflation Report, November 2016, London.Google Scholar
  2. IMF. (2016). Uncertainty in the Aftermath of the U.K. Referendum. World Economic Outlook Update, July 19, 2016, Washington DC.Google Scholar
  3. Irwin, G. (2016). British Trade Policy After Brexit: Ruthless Prioritisation Required, Global Counsel, August 15, 2016, London.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Faculty of Economics and Social SciencesBergischen Universität WuppertalWuppertalGermany

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