EU says Brexit “poses considerable risk to European, UK economies”May 3, 2016 - 17:33 AMT PanARMENIAN.Net - The EU warned on Tuesday that uncertainty over Britain's referendum on membership of the 28-member bloc in June poses a "considerable" risk to the European economic outlook, AFP reports. "Risks associated with domestic EU developments remain considerable, as for instance... the uncertainty ahead of the UK's EU referendum," it said in its spring economic forecast. Britain's own economy also faces risks from the issue. "Overall, risks to the outlook are tilted to the downside, reflecting less favourable external demand and uncertainty in the lead-up to the June referendum," the forecast said, according to AFP. Britain votes on June 23 in an in-out referendum on whether to stay in the EU. The EU cut its forecasts for the British economy, saying that "growth is expected to ease in 2016 and 2017." It projected annual growth of 1.8% in 2016 and 1.9% in 2017, compared to its earlier forecast in February of 2.1% for both years. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Armenia PM meets Iran’s Supreme Leader in Tehran Prime Minister Nikol Pashinyan had a meeting with Supreme Leader of the Islamic Revolution Seyyed Ali Khamenei Ruling MP accuses opposition of “serving other countries' interests” Khachatur Sukiasyan has accused Armenia’s opposition of serving the interests of other countries Protest leader vows to achieve departure of Armenian authorities According to Archbishop Bagrat, there is only one solution to the situation in Armenia. Heads of Armenian, Ukrainian parliaments hold virtual talks Alen Simonyan and Ruslan Stefanchuk held talks via video conference on Tuesday, May 21. |