opinionBRUSSELS, AFP -Eurozone economic activity edged higher in August with few signs that Brexit-linked dangers were yet hurting the European economy, a closely watched survey showed Tuesday. Data monitoring company Markit said the eurozone economy maintained its resilience despite Britain's shock vote to leave the EU, with a strong showing from France as well as powerhouse Germany. The fund warned however that growth in the currency bloc would drop to 1.4 percent next year as the Brexit effects kicked in. The survey will also influence policy at the European Central Bank, which has signalled that it could step up stimulus if Brexit headwinds worsened. ECB president Mario Draghi said last month that the bank was “ready, willing and able” to intervene if necessary.

Source: Sunday Times August 23, 2016 10:07 UTC