Standard & Poor"s or the UK economy and debt
- Reduced investment will weigh on 2017-2019 growth
- Brexit could diminish GBP"s role as reserve currency
- High external deficit a vulnerability
- Sees current account deficit avg 4.1% in 2016-19
- Current account deficit likely over 5% this year
- The risks of an inconclusive, detrimental Brexit are material
- UK government stability might be hurt by divisions over EU question
So it"s all roses and sunshine, right?
S&P sees UK growth averaging 1% from 2017-2019
S&P sees UK growth averaging 1% from 2017-2019
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