WASHINGTON A result in favor of Britain leaving the European Union (EU) in a referendum next week can have an impact of more than 5% in the size of the British economy by 2019 as to whether he kept in block 28 countries, warned yesterday the International Monetary Fund (IMF).
the IMF, which had previously warned that British and world economy would be hit if Britain left the EU, presented this morning a detailed analysis of how the decision would affect the world’s fifth largest economy analysis.
If UK does agree a similar Norwegian relationship with the EU, its economic output by 2019 will probably be about 1.5% lower than if it remains as a full member, according to the scenario of a “limited” impact of the IMF. Under the “adverse” scenario, long and fruitless negotiations between London and Brussels that would lead to UK have to govern its trade with the EU by the rules of the World Trade Organization, the economy would grow 5.5% lower to 2019. And the effects would be felt in other countries, the most affected Ireland, Cyprus, Malta, the Netherlands and Belgium.
the announcement comes at a time when the UK stopped the campaign for consultation on June 23 after the murder of congresswoman Jo Cox, a supporter of the country’s standing in the EU.
in contrast, in Vienna, leaders of several European political parties of extreme right yesterday launched what they called the “spring patriotic “to achieve a” Europe of nations “to replace the alleged EU centralism and considered that the Brexit boost your project.
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