Blog posts tagged by tag: Major Economies
Predicting the future evolution of the UK’s key economic variables is fraught with uncertainty, and this is particularly true in the case of the pound, which has already been on a merry dance since the 2016 Brexit referendum.
With Theresa May’s withdrawal agreement floundering, the British parliament in the throes of the worst political crisis in decades and time running out fast, the outcome of the Brexit process is anyone’s guess. May’s deal? A Norway-style arrangement? No deal? Or even no-Brexit? All bets are off.
Following a sharp selloff in the immediate aftermath of the vote, the pound then clawed back some value. But in recent weeks, as the 29 March EU departure date looms ever larger in the rearview mirror with no political solution on the horizon, sterling has begun to sag—a process which is likely to continue in the coming months as markets grow more ever more jittery about the prospect of no deal.
FocusEconomics’ economist Christopher Thomas sat down with Benoit Durocher, a senior economist following Canada at Desjardins Group, in mid-November for a wide-ranging discussion about what might lie ahead for Canada’s economy in the New Year. Their conversation, presented below, has been condensed and edited for clarity.
Global growth is likely to strengthen this year but uncertainty over geopolitical issues across the globe, elections in various European countries, Brexit negotiations and Donald Trump as President of the United States, pose risks to growth. Have a look at what is expected for the developed economies & the emerging markets in 2017.
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