eseoulpost
InternationalIssue&Issue
World Bank sees Brexit as threat to strong European economic recovery
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.01.10  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

LONDON -- The World Bank (WB) warned on Tuesday that a failure to reach a "smooth" deal for Britain to leave the European Union (EU) could pose a serious risk to Europe's economic recovery in 2018.

"If there is some surprise along the Brexit road that might derail a European recovery, and that recovery has been exceptionally strong," Franziska Lieselotte Ohnsorge, told Xinhua on Tuesday afternoon.

Ohnsorge is one of the lead authors of a report "Global Economic Prospects" published Tuesday evening by the WB which noted that within Europe "uncertainty remains elevated and could intensify again, weighing on confidence and  growth".

The report noted that Brexit negotiations could harm investment decisions throughout Europe, and Brexit had certainly already had an effect on the British economy, Ohnsorge said.

"Brexit is difficult. We expect growth in Britain to slow from 1.6 percent to 1.4 percent," she said.

There is no clear path for Brexit, and no certainty as the EU and Britain enter the second and more complex phase of the Brexit negotiations of what a Brexit will mean for trade between the two parties.

The prospect of a Brexit in which Britain quits the 28-nation bloc with no agreement on tariffs or on provision of financial services could hit both Britain and the EU, which depends on London's deep and liquid capital markets for much of its debt and investment financing.

A no-deal Brexit, or one with tough tariff terms, cannot yet be modelled, said Ohnsorge, but it would be disruptive to trade and to growth.

"That is one of the risks -- not just to the British economy but to the European economy," she said.

Ohnsorge's report noted that growth in Europe and the wider Europe/Central Asia region had been 3.8 percent in 2017.

At the same time as growth in Britain had been revised down by 2 basis points, growth in the wider European region had been revised up by 1.3 percentage points.

 Although growth across the region was forecast to slow to 2.9 percent over 2018, it was expected to maintain a level of about 3 percent through to 2020.

The WB was working on the assumption that Brexit would be smooth and that trading conditions would not alter much.

 "Our assumption is that the whole process proceeds smoothly, and that there are no surprises," said Ohnsorge. (Xinhua)

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Honduran Envoy joins 48th Anniversary Ceremony of Saemaul Ungong
2
Expo 2020 highlights its unique opportunities for global travel and MICE industry at ATM 2018
3
Book on Sheikh Zayed quotes released
4
S. Korea's top kids beverage earns halal certificate
5
Emirates scoops four awards at the World Travel Awards Middle East 2018
6
National Media Council, Facebook team up to combat proliferation of false news
7
Manazel Real Estate announces co-development agreements with investments exceeding AED500 million
8
Korea, Ukraine to step up cultural and people to people exchange programs
9
24th GCC sGovernment and sServices Conference to focus on 4th version of sGovernment strategies
10
Taiwan President calls for 'Africa Plan' to further engagement, investment
Photo News Green Biz
UAE environmentalists to travel to ends of the earth to inspire change
UAE environmentalists to travel to...
min
Mohammed bin Rashid launches Marmoom Desert Conservation Reserve
Mohammed bin Rashid launches Marmo...
min
Masdar unveils locally manufactured all-electric Eco-Bus
Masdar unveils locally manufacture...
min
Tabreed, Masdar sign agreement to operate Masdar City’s First District Cooling Plant
Tabreed, Masdar sign agreement to ...
min
World Future Energy Summit 2018 to map transition to a sustainable economy and lead ‘cleantech’ innovation
World Future Energy Summit 2018 to...
min
Photo News Sports
S. Korean named new leader of East Asian football body
S. Korean named new leader of East...
min
Nahyan bin Mubarak receives female people of determination who participated in Special Olympics Regional Games in Abu Dhabi
Nahyan bin Mubarak receives female...
min
PyeongChang 2018 chief organizer says 4 things led to successful Winter Olympic, Paralympic Games
PyeongChang 2018 chief organizer s...
min
PyeongChang Winter Paralympics end with celebration of breaking down barriers
PyeongChang Winter Paralympics end...
min
Opening day of Abu Dhabi’s Special Olympics IX MENA Games 2018 witnesses incredible sporting achievement
Opening day of Abu Dhabi’s Special...
min
Largest Winter Paralympics to close in PyeongChang
Largest Winter Paralympics to clos...
min
Olympics:9th Regional Games of Special Olympics opens in Abu Dhabi
Olympics:9th Regional Games of Spe...
min
World’s top rally drivers to compete in Abu Dhabi Desert Challenge
World’s top rally drivers to compe...
min
Photo News World
S. Korean named new leader of East Asian football body
S. Korean named new leader of East...
min
Nahyan bin Mubarak receives female people of determination who participated in Special Olympics Regional Games in Abu Dhabi
Nahyan bin Mubarak receives female...
min
PyeongChang 2018 chief organizer says 4 things led to successful Winter Olympic, Paralympic Games
PyeongChang 2018 chief organizer s...
min
PyeongChang Winter Paralympics end with celebration of breaking down barriers
PyeongChang Winter Paralympics end...
min
Opening day of Abu Dhabi’s Special Olympics IX MENA Games 2018 witnesses incredible sporting achievement
Opening day of Abu Dhabi’s Special...
min
Largest Winter Paralympics to close in PyeongChang
Largest Winter Paralympics to clos...
min
Olympics:9th Regional Games of Special Olympics opens in Abu Dhabi
Olympics:9th Regional Games of Spe...
min
World’s top rally drivers to compete in Abu Dhabi Desert Challenge
World’s top rally drivers to compe...
min
Photo News Opinion
Koreas agree to start Moon-Kim summit in morning, hold official dinner
Koreas agree to start Moon-Kim sum...
min
Construction vehicles enter THAAD base after police break up protest
Construction vehicles enter THAAD ...
min
Customs officials raid Korean Air, owner family's house over alleged tax evasion
Customs officials raid Korean Air,...
min
Military hopes for summit breakthrough in easing border tension
Military hopes for summit breakthr...
min
Police admit to having evidence linking ruling party lawmaker to Internet comment rigger
Police admit to having evidence li...
min
GM Korea, union in last-minute talks as deadline nears
GM Korea, union in last-minute tal...
min
Top GM official remains optimistic about wage negotiations
Top GM official remains optimistic...
min
Ruling party expels two members suspected of online comment rigging
Ruling party expels two members su...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com