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Brexit casts shade over eurozone expansion outlook: ECB survey

Britain’s opinion to leave a European Union will import on a opinion for expansion in a euro area subsequent year and a year after, a European Central Bank consult showed Friday.

According to a ECB’s unchanging quarterly consult of veteran forecasters, eurozone expansion is approaching to normal 1.6 percent this year, unvaried from an progressing prognosis.

In a prior consult in April, forecasters had been penciling in a expansion rate of 1.6 percent for subsequent year and 1.7 percent for a year after.

The latest consult was conducted between Jun 30 and Jul 6, after a Brexit referendum, and there were 51 respondents, a ECB said.






Article source: http://www.dailystar.com.lb//Business/International/2016/Jul-22/363401-brexit-casts-shadow-over-eurozone-growth-outlook-ecb-survey.ashx