S&P: UK will barely escape a full recession

Market news

4 July 2016

S&P: UK will barely escape a full recession

- Brexit will cause a drag on UK economy of 1.2% in 2017 and 1.0% in 2018.

- Eurozone GDP to slow down 0.8% over 2017 & 2018.

ECB Villeroy: Britain will face rising inflation and a drop in GDP due to Brexit

Positive start for major stock exchanges: DAX 9,803.49 + 27.37 + 0.3%, FTSE 100 6,606.4 + 102.07 + 1.6%, CAC 40 4,288.35 + 14.39 + 0.3%

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