UK warns of Brexit 'shadow' on world economy - News Summed Up

UK warns of Brexit 'shadow' on world economy


LONDON - Britain's finance minister warned Brexit would cast a "shadow" over the world economy but said he was eyeing a free trade deal with China in interviews with the BBC and Sky News on Sunday. G20 finance ministers on Sunday said the Brexit vote heightened risks for the world economy and vowed to use "all policy tools" to boost growth. Asked by the BBC if he could envisage a free trade deal with China, he said: "Definitely I could see such a thing." Prime Minister Theresa May also discussed a trade deal with Australia in a phone call with Prime Minister Malcolm Turnbull earlier this month. "There is going to be uncertainty about the outcome hanging over the world economic outlook for perhaps the next couple of years," Hammond said.


Source: Bangkok Post July 24, 2016 19:41 UTC



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