Though the magnitude of the uncertainty that Brexit would trigger is hard to anticipate, by using a model based on historical benchmarks, analysts at Goldman Sachs predict that U.K. industrial production could fall by up to 2.5% over a two-year period. Huw Pill and team point out in their March 10 report titled “Brexit: Flows, stocks and the cascading effects of uncertainty” that the U.K. has been the major recipient of inward FDI among major EU economies. Brexit uncertainty: EU absorbs half of U.K.’s exports Pill and his team highlight that the U.K.’s economic relationship with the rest of the European Union…
Brexit Uncertainty Could Pull Down U.K. Industrial Production 2.5%: GS
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports