Yael Selfin, Head of Macroeconomics at KPMG in the UK, explores of the short-term economic impact of the EU Referendum vote in the UK, across Europe, and beyond.
- KPMG lowers UK 2017 GDP forecast to 0.5% vs 2% projection before referendum
- Major infrastructure decisions could be delayed, pressuring investment and growth
- Bank of England could further loosen monetary policy with rate cuts and QE
- Eurozone growth expected to slow to 1.5% in 2016 and slightly lower in 2017