Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Wednesday, June 01, 2016

OECD Sounds Brexit Warning

The OECD has slashed its forecast for UK growth this year to 1.7%, down from an estimate of 2.1% three months ago.

The OECD also warned that a Brexit vote will have a negative impact on the global economy, likening it to a hard landing by China.

The alleged negative economic impact of a Brexit indicates that the OECD believes that Britain plays a major, and indeed vital, role in the global economy. Given Britain's economic stature, I am surprise that the OECD gives Britain such a downbeat assessment for making its own way in the world outwith the EU.


No comments:

Post a Comment