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GDP growth forecast: 1.2% in 2016, 1.1% in 2017 - Coface country risk assessment: A2
What
On Thursday 23rd of June, the UK has voted to leave the European Union. 52% has voted to leave and 48% to remain. In this context, Prime Minister David Cameron announced he will step down. Shockwaves have spread across financial markets on June 24, as both short-term and long-term uncertainties are high. The GBP plunged to its lowest since 1985. Global equity markets have fallen too (Japan, Germany and France down by 7-8%), even more than the Footsie (- 4.5%), as some stocks could not be traded when the market opened in London. Oil (-5%), gold (+5%) and the euro (-3% vs USD) also reflect this surge in volatility and global risk aversion...
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