Brexit Current Affairs - 2020

OECD Growth Forecasts 2019

The Organisation for Economic Co-operation and Development (OECD) has reduced the world economic growth forecasts for the year 2019. Economic Forecasts of OECD The report notes that trade tensions and political uncertainty, including Brexit and erosion of business and consumer confidence are weighing on the world’s economy thereby contributing to the slowdown. OECD has cut Read More…

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World Economic Situation and Prospects 2019: Key Facts

The United Nations report World Economic Situation and Prospects 2019 has been released. The important findings of the report are: The report estimates that Global growth is expected to remain steady at 3% in 2019 and 2020, after an expansion of 3.1% in 2018. As the impulse from fiscal stimulus in 2018 wanes, Growth in Read More…

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U.K. lawmakers reject Brexit deal

The British Parliament has rejected the Brexit deal proposed by the Prime Minister Theresa May. The British House of Commons voted 432 -202 against the deal struck between Britain’s government and the EU in November. Backstop provisions The conservative objectors who were supporters of Brexit have also voted against the deal fearful of the “backstop” provisions. As Read More…

Brexit word added in Oxford English Dictionary    

The Oxford English Dictionary (OED) has officially added word ‘Brexit’ in it. It is among 1,500 new words added to the OED. The OED has defined word ‘Brexit’ as “the (proposed) withdrawal of the United Kingdom from the European Union, and the political process associated with it”. Another popular new coinage is the word ‘YouTubers’ Read More…

Brexit: IMF warns of repercussions for global economy

The International Monetary Fund (IMF) has warned that United Kingdom’s decision to leave the European Union (EU) has created significant uncertainty. The uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions for Europe and the global economy. Key facts IMF predicts that macroeconomic and financial market impacts Read More…

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