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Great Britain

Author

Listed:
  • Simona Moagăr-Poladian

Abstract

The UK economy recorded a more modest growth in 2016 in comparison to the previous year, due to shrinking internal demand and a noteworthy depreciation of the pound sterling. Unemployment rate has been kept under the EU average and the budgetary deficit has continued its downward trend. Official projections for 2017-2018 are influenced by uncertainty about how the UK will negotiate exit conditions and accept a set of conditions imposed by the EU, in the context of rising inflationary pressures, declining purchasing power and weaker confidence in growth. There are a number of different Brexit scenarios to consider for the future EU-27 relations with the UK, ranging from comfortable and lax ones to a hostile and tensioned variant between the two sides.

Suggested Citation

  • Simona Moagăr-Poladian, 2017. "Great Britain," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 114-120.
    • Handle: RePEc:iem:conjun:y:2017:p:114-120
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