Pantheon Macroeconomics - The Chancellor argued in a speech on Thursday that the U.K.'s economic recovery is threatened by a

U.K. | 08 Jan. 2016 Sterling, Not EM Weakness, Will Hold Exports Back
The Chancellor argued in a speech on Thursday that the U.K.'s economic recovery is threatened by a "dangerous cocktail" of overseas risks, including slowing growth in the BRICs--Brazil, Russia, India, and China--and escalating tensions in the Middle East. Exports are set to struggle this year, but the strong pound, not weakness in emerging markets, will be the main drag.

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08 Jan. 2016 Sterling, Not EM Weakness, Will Hold Exports Back

By Samuel Tombs

The Chancellor argued in a speech on Thursday that the U.K.'s economic recovery is threatened by a "dangerous cocktail" of overseas risks, including slowing growth in the BRICs--Brazil, Russia, India, and China--and escalating tensions in the Middle East. Exports are set to struggle this year, but the strong pound, not weakness in emerging markets, will be the main drag.

Posted: 8th Jan 2016 in 'U.K.'

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