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If Britain withdraws from the EU without an agreement, the British economy can suffer significant damage, the International Monetary Fund said. The Fund also stressed the need for a transition period, which should follow the country's exit from the bloc and last until the beginning of new economic relations between the UK and the EU. The transition period will avoid complications. Without an agreement and a transition period, the UK will experience significant costs, which will be less affected by the EU, according to the IMF. Many investors are of the opinion that the risk of a UK withdrawal from the EU without a deal has increased.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
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