Mexico City. The consultant IHS Markit England has produced an economic study which synthesizes the UK economy is receding to levels not seen since 2009. It considers that the “Brexit” produced a global financial crisis.
the document entitled Markit Flash UK Composite Output, which is used as a reference in the financial markets shows a decline in activity in all productive sectors other than export, which has benefited from the devaluation of the pound.
data from 650 companies between 15 and 21 July were collected. The document suggests economic contraction at all levels of production and marketing. The contraction would be motivated by the highest cancellation of orders from 2012 and a significant drop in confidence which is the engine of the British economy.
Chris Williamson, head of Markit, expressed “the data show that the economy is deteriorating dramatically,” and could contract by 0.4 percent in the third quarter, compared with moderate growth in the first two quarters, before the referendum on June 23.
He added that “the decline, either by order cancellations or lack of new orders or the cancellation or postponement of projects, has been attributed to favorable ‘Brexit’ vote” and predicted that there will be a worsening situation in the short term, although he admitted that perhaps the effect of the referendum can dissipate after a few months.
However, the economist pointed out that, at the end of month, closed survey have appreciated “signs that confidence starts to improve to take form the new government.”
the Bank of England will decide at its August meeting if you change its policy money to cope with this decline in productivity.
the rebound Brexit touch him serve you to the new prime minister Theresa May, who this week met with German Chancellor and French president, leading the negotiations for the output of the United Kingdom of the European Union.
May and Merkel are “Iron Ladies” of Europe. Theresa May and Angela Merkel have an age difference of just over two years: 62 has Merkel and meet May 60 in October. They are part of the same generation born in the shadow of the Cold War and grown under the spirit of European unity who supported after the fall of the Berlin Wall and now does not hold water in the English Channel.
Angela Merkel was born in Hamburg, grew up in Templin, east of Berlin, and was active as was de rigueur in the YS, learned Russian and excelled in mathematics, before studying physics and become a researcher and finally in politics with the political institute Democratic Awakening.
Theresa May learned in public schools and devoted himself to literature, studied Geography at Oxford and worked at the Bank of England, before starting his rise through the ranks of the Conservative Party from local politics
Another point of intimate connection between the two. the conflicting time took the alternative. Merkel had to go on the political “body” of his mentor, Helmut Kohl, unhorsed by a scandal of illegal financing that shook the foundation of the Christian Democratic Union.
May has arrived to power after the resignation of his top David Cameron, who was loyal at critical moments.
After the meeting both this week, May said in press conference that the output UK EU does not mean away from partners and especially Germany, a country with which there are strong trade links and “on which we build our future bilateral relations”, he noted.
Merkel, meanwhile, has also advocated maintaining a “strong and constructive” relations with the United Kingdom at bilateral and multilateral levels, for both countries, members of NATO face common challenges, including May cited the crisis in Ukraine, the fight against terrorism and trade liberalization.
After the above-mentioned meeting, Theresa May, clashed on Thursday in Paris at least friendly politician with the Brexit. President Francois Hollande
“the sooner will be the best,” said him twice French President to May in public to demand that although “needs time” should start as soon as possible negotiations on the future relationship between Britain and the EU.
“not before year end,” replied the British leader. His resounding exchange has shown that the meeting between the two in the Elysée has resulted in an “open discussion” as said May.
France and Britain have historically had two visions faced the difficult project of the political construction of Europe. But this strategic divergence has been and is compatible with the strictly military interests of Paris and London, whose nuclear weapons remain an essential pillar of continental security, both inside and outside NATO.
on his first visit to the French capital as head of government, May did not find understanding conveyed on Wednesday, Chancellor Angela Merkel in Berlin.
the urgency of Hollande to finalize the Brexit no advantages to London because he wants to avoid “the risk of division”, ie, similar temptations in other countries to leave the European Union.
Another key point is immigration irregular. Thanks to an agreement between the two countries, France retained in Calais thousands of migrants who want to go to UK, but no one predicts the future. Even before the referendum, threats Paris were tone uploaded.
the Economy Minister Emmanuel Macron, spelled out the possibility that France ceases to control and prevent the passage of migrants. Paris and London signed in 2003 called Touquet agreements for joint border management. That pact led to the uncontrolled camp of migrants and refugees in Calais.
Finally, France and UK nuclear weapons powers and permanent members of the Security Council, wish to maintain a close relationship for the benefit of both and throughout Europe. “We’re of the European Union, but not in Europe or in cooperation with our European partners,” concluded May.
No comments:
Post a Comment