Thursday, June 23, 2016

Jullum about Brexit: – A lot of investments will be postponed – OBI Online

retrieval in the oil-stricken Norwegian economy will be delayed by about a year, according to chief economist Frank Jullum in Danske Bank. Among the many analyzes and forecasts for the Norwegian economy in case the British decide to leave the union, the Danske Bank among those quantified, according to E24.

– There are two to three blocks with zero growth on average, says Jullum.

Growth forecasts for Norwegian gross domestic product in the latter part of 2016 and first half of 2017 decreased by 0.5 percent. A “brexit” In other words, make that wealth creation continues at a very low level for the next twelve months.

– Britain will enter a recession that will affect Norwegian exporters. A long period of low growth, says Jullum, which maintains that a brexit matter will not be a shock to the world economy.

But the UK is relatively hard hit.

– All leading indicators come to a complete halt, and very many investments will be postponed. It will also form mass uncertainty in Europe around what could be the next in line, says Jullum. (© NTB)

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