Back

IMF's Lagarde: UK economy is losing out as a result of Brexit decision

Below are some of comments on the UK economy by the IMF chief Christine Lagarde's. 

   •  Brexit vote already affecting the UK economy
   •  UK growth has slowed notably since the start of year
   •  Businesses delaying investment until they have greater clarity about post-Brexit trade rules
   •  The more uncertainty there is about Brexit, the greater the risk to UK's growth
   •  Continued reduction of UK budget deficit is needed to create room to respond to future shocks
   •  UK has underinvested in infrastructure and innovation, falls short in human capital
   •  Faster BoE rate tightening may be needed if fall in unemployment leads to too rapid wage growth
   •  Brexit deal that minimizes trade disruption would best support stability and growth
   •  Encourages UK and EU to reach agreement soon on Brexit transitional arrangements
   •  Cites investment delays and inflationary pressures the reasons for that
   •  More Brexit certainty would be an upside risk
   •  UK growth is a bit of a disappointment compared to other countries
   •  Numbers in UK economy today are proving the point that we made before Brexit vote, "we are not too gloomy"

WTI rises to 5-day highs ahead of EIA data

WTI (oil futures on NYMEX) is on a steady rise so far this week, now extending the advance print fresh five-day tops at $ 57.88. WTI: Will it regain
Baca lagi Previous

Riksbank: Big step in a dovish way - Rabobank

The Riksbank this morning took a big step in announcing the formal end of its QE policy, but did so in a very dovish way, according to Jane Foley, Sen
Baca lagi Next