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UK: Brexit poses major risks – Goldman Sachs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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.”
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