The International Monetary Fund has revealed that the World Economic Outlook could be at a turning point, according to Maurice Obstfeldt, its chief economist.

In its annual report forecast, the IMF has estimated that a growth of 3.5% is going to be taking place, as opposed to 3.1% in  2016, with the UK showing the biggest growth margin of 2%, outgrowing all other developed nations apart from the US, whose growth forecast is 2.3%

Not bad for a country which has based itself for turmoil since the brexit talks have begun. It seems that a lot of businesses are set to prosper, but from a long term perspective, losses may still occur as Mr. Obstfeldt explains: “longer term prospects have been diminished because of the expected increase in barriers to trade and migration and the potential impact on the UK’s financial services”

JOIN OUR NEWSLETTER
Join the many visitors who receive all the latest and quintessential articles from Vida Unique regularly, smoothly delivered to your inbox.
We hate spam. Your email address will not be sold or shared with anyone else.