economy
No stopping booming Britain: Rush to invest in UK as Brexit economy soars
BRITAIN is enjoying a Brexit boom fuelled by a series of major investment announcements. And official figures yesterday revealed that the economy is racing forward. GDP figures for the second quarter to the end of June showed that the economy grew by 0.6 per cent – defying the doom-laden warnings by Remain campaigners...
UK economy sped up in the Brexit vote run-up
Britain's economy grew faster than expected in the three months through June — by 0.6 percent — helped by the biggest upturn in industrial production since 1999, according to the Office for National Statistics. GDP growth was up from the first quarter's 0.4 percent and above analyst forecasts of 0.5 percent....
UK offered Brexit free trade deal with Australia
Australia has called for a free trade deal with Britain following its exit from the European Union. Theresa May described the move as "very encouraging" and insisted it showed Brexit can work for Britain. In a phone call to the new PM, her Australian counterpart Malcolm Turnbull said he urgently wanted to open up...
US Markets Extend Slide as Brexit Fallout Continues
U.S. stocks continued their downward slide this morning, as investors reacted to more potential fallout from Britain's vote to withdraw from the European Union last week. The Dow Jones dropped 200 points shortly after the opening bell. All U.S. markets are currently trading in negative territory. David Blanchflower, an...
China warns Brexit will ‘cast shadow’ over global economy
China finance experts have warned that Britain's decision to leave the European Union will "cast a shadow over the global economy". Finance minister Lou Jiwei said the "repercussions and fallout" will emerge over the next five to 10 years. Huang Yiping, a member of China's central bank monetary...
Could British EU Exit Be Watershed for Global Economy?
A British exit from the European Union could cause global market swings for a while. But that would soon pass. If we're lucky, that is. Much darker scenarios for the global economy are also being discussed by economists as they try to gauge the risks of Thursday's referendum for the wider world. While economists say a...
IMF says EU exit ‘largest near-term risk’ to British economy
A UK exit from the European Union could mean the UK misses out on up to 5.6% of GDP growth by 2019, the IMF has warned. Brexit is the "largest near-term risk" to the UK economy, the IMF said in its annual UK economic outlook. It added that the net economic effects would probably be "negative and...