http://www.bbc.com/news/business-43055890
In light of all that has happened in the 2017 year, Europe is actually on the rise. It predates back to the crisis that took the world by storm in 2007 and although the European Union has been slowly bouncing back, “today's Eurostat figures show that the fourth quarter of 2017, compared with the same period in 2016, was particularly strong across most EU members as global growth momentum starts kicking in,” (BBC, Ahmed, 2.14.18). This past year, countries in the EU seem to have had a higher demand in products leading to greater business profits, shocking the global economy with sudden demand for exports as well. Of course it does also help to know the structural reforms have helped out the nations, same as low interest rates, and unions gaining in size. The entire EU seems to be growing, though not as greatly but nonetheless - even Britain after Brexit is maturing number wise, to ‘the good old days,’ from before their leave.
4 comments:
It is interesting to observe the EU continue to thrive in the wake of Brexit. Many Euroskeptics predicted the EU would soon collapse economically, but it is reassuring to see the EU continue to grow and export high-demand products.
It is interesting to note that the European Union is on the rise in terms of global growth. However, I'm curious to know if China or the United States has a major role to play in the growth following the European Union because they are the largest trading partners with the union. Also, if the rise of China or the United States in terms of an economic powerhouse has significantly affected this outcome.
As mentioned in the article, it is interesting to see the European Union growing even after Brexit. Most people believed that Brexit would have a long term negative impact on the economy of Britain, but as mentioned in the article, it seems to be maturing. High demand, greater business profits, and high demand for exports would have a positive long run impact on the economy for countries in the EU.
It is excellent to see such growth in the EU especially after the Brexiit as mentioned in previous comments. However, the leaving of Britain was not going to instantly cause a crash in the EU. I do believe they will see growth, but it will not be as high if the EU still had Britain. In the long run this could hurt the EU, but nothing happens overnight in the economy.
Post a Comment