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Brexit's Hit to Growth Will Be Milder Than Expected, EU Says

  • Revises up estimate for 2017 to 1.5% from 1% in November
  • Impact of vote to leave the EU ‘yet to be felt,’ report says
Bloomberg business news

U.K. Assets Pay the Immediate Price of Brexit

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The European Commission is the latest forecaster to say the impact of Brexit will be milder this year than previously anticipated.

The EU’s executive arm revised up its estimate for U.K. economic expansion to 1.5 percent in 2017 from a 1 percent prediction in November. It left its forecast for 2018 unchanged at 1.2 percent.