Medium-Term UK Macroeconomic Perspectives
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.
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