7 Mar 2016
UK: Brexit poses n major risks – Goldman Sachs
Research Team at Goldman Sachs, remain optimistic relative to consensus on the prospects for UK GDP growth (our 2016 forecast of 2.5% compares with a Consensus forecast of +2.3%).
Key Quotes
“With the decline in energy prices and a gradual rise in nominal wage growth providing a boost to household real incomes, we expect strong growth in private consumption. However, the possibility of a UK exit from the EU poses a threat to our central growth forecast, raising the possibility of a significant slowdown in the event of a vote to leave.”
Key Quotes
“With the decline in energy prices and a gradual rise in nominal wage growth providing a boost to household real incomes, we expect strong growth in private consumption. However, the possibility of a UK exit from the EU poses a threat to our central growth forecast, raising the possibility of a significant slowdown in the event of a vote to leave.”