Brexit

Brexit 'puts a spanner in the works' for output growth

The International Monetary Fund (IMF) released yesterday a report which focused mainly on the aftermath of the UK's referendum on EU membership in June which, of course, led to the so-called Brexit.


According to the IMF, the UK's decision to leave the EU has 'thrown a spanner in the works' of their global growth forecast. Back in April, it was projected that output in the United Kingdom would increase by 1.9 percent and in 2017, 2.2 percent. In reaction to the economic shockwaves created by the Brexit vote, these projections have been revised down by 0.2 and 0.9 percentage points respectively.


The revision has also had an effect on the global outlook, with forecasts being revised by 0.1 percentage points for each of the coming two years results.

Description

This chart shows the year-on-year output change and projections for the UK and globally in the wake of the Brexit.

Download Chart
Premium statistics
Annual growth rate of the construction industry in Turkey 2015-2023
Premium statistics
Annual growth rate of the real estate industry in Turkey 2015-2023
Premium statistics
Annual growth rate of revenue of L&T FY 2017-2024
Premium statistics
Average annual growth rate of wellness industry 2022-2027, by segment
Premium statistics
Global compound annual growth rate of the boron market 2024-2029, by application
Premium statistics
Compound annual growth rate in the transportation and logistics sector in Europe 2024

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

Statista Content & Design

Need infographics, animated videos, presentations, data research or social media charts?

More Information