A More Uncertain 2017
Tuesday, December 27, 2016
Brexit forced economists to redo their projections for 2017. And, rightly so, as not long after the United Kingdom (UK) decided to leave the European Union (EU), its currency slumped to its lowest level in many years. The concern is that this nationalistic, anti-trade and anti-migration sentiment is gaining followers in other EU countries, which raises uncertainty over the future of the EU and its euro currency, especially with the upcoming elections in France, Germany, Italy and the Netherlands.
Forecasting became tougher when Donald Trump won the United States (US) general election. Although it's still uncertain what exactly his economic policies would look like, he did campaign to limit the flow of trade and migration, in particular, trade between China and the US and the flow of migrants between Mexico and the US, which could disrupt world trade.
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Brexit forced economists to redo their projections for 2017. And, rightly so, as not long after the United Kingdom (UK) decided to leave the European Union (EU), its currency slumped to its lowest level in many years. The concern is that this nationalistic, anti-trade and anti-migration sentiment is gaining followers in other EU countries, which raises uncertainty over the future of the EU and its euro currency, especially with the upcoming elect
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