"It's a new factor affecting the global economic outlook and it has increased the uncertainty which the world economy faces." Hammond warned that Brexit-related volatility in markets would be a risk throughout the two-year negotiation period. Several nations called on Britain during weekend talks on the world economy to explain how the politically fraught Brexit process will unfold in order to avoid adding a new drag on the long and slow recovery from the financial crisis. Hammond told reporters on Sunday the two-year negotiating period, once launched, represented "quite a tight timescale" and Britain needed to go into it with clear objectives. Hammond has said he could ease fiscal policy in the autumn if more help is needed.

Source: Thanhnien News July 24, 2016 10:41 UTC