Tiptv Business

Kallum Pickering, Senior UK economist at Berenberg Bank, says the actual Brexit may not happen for 5-7 years! Following a one-year period of divorce talks, EU and UK are likely to establish a framework or negotiations which could go on for 3-5 years. Will it be a hard Brexit a zero sum game or a win-win situation? What are the factors that could lead to hard Brexit? Watch Pickering detail the downside risks. The segment ends with Pickering forecasting a first ECB rate hike in the third quarter of 2019. Key quote -“In terms of employment, the Eurozone is at least 2-3 years behind the US” #Brexit, #UK, #EU, #economy, #macro, #fundamentals, #ECB, #central #banks, #interest #rates, #inflation, #indicator, #UK, #EU