photos by pexels.com

Brexit Uncertainty to Continue for at Least Another Two Months

A Statement from The Conference Board

Press Release Provided By

The Conference Board
Jan 16, 2019, 07:35 ET

NEW YORK, Jan. 16, 2019 /PRNewswire/ — The British parliament took a decisive step today in the Brexit divorce process to not support the plan negotiated by Prime Minister May with the European Commission. Uncertainty has dominated the entire process until now and, as expected, it is not going to decrease in the upcoming weeks. Uncertainties have already impacted consumer confidence, inflation, exchange rates, and firms’ decisions regarding investments.

While a possible plan B may still have a small chance of generating an orderly Brexit, the more likely outcome now is that both the UK and the European Union (EU) will have to look for an extension to the March 29th deadline. A short-term extension is unlikely to go beyond May 23rd, when European elections start. Should the UK still be a member of the EU by then, it would have to organize those elections, too – an unlikely event for many reasons. Beyond May 23rd the EU may have to make major decisions on how to accommodate a continuation of the United Kingdom’s membership.

If none of the above can be achieved, a no-deal Brexit is also still another possible outcome. To soften the impact of a disorderly exit, the European Commission has laid out a contingency plan to make sure that trucks, airplanes, and the financial sector do not fall off a cliff as of March 30th. The impact of a no-deal Brexit will be quite substantial, though, and become more clearly visible by the 2nd quarter of the year. In this scenario, and combined with a maturing business cycle, a recession will then be very likely. For the longer term, The Conference Board estimates the income effect to be in the range of 3,000 US (PPP adjusted) dollars per capita per year until 2028.

A recent Brexit analysis from The Conference Board can be accessed here.

SOURCE The Conference Board

Related Links

The Conference Board | Trusted Insights for Business Worldwide

The Conference Board is a global, independent business membership and research association working in the public interest

Check Also

Investor Image

SEC Announces March 28 Meeting of Investor Advisory Committee

Members of the committee represent a wide variety of investor interests, including those of individual and institutional investors, senior citizens, and state securities commissions. For a full list of committee members, see the committee’s webpage.

Pepsico Image

The PepsiCo Foundation Partners with CARE to Tackle Gender Inequality in Agriculture with an $18.2 Million Investment in She Feeds the World Grant will provide resources and training to 5 million women farmers and their families worldwide to help them increase crop yields and income

News Provided By PepsiCo FoundationMar 04, 2019, 16:05 ET PURCHASE, N.Y., March 4, 2019 /PRNewswire/ …

GDP Growth Slowed

US Economy Starts to Slow Entering 2019, but Headwinds Ease

The Federal Reserve has signaled that it will postpone further interest rate hikes until signs of rising inflation emerge and cease balance sheet normalization activities towards the end of this year. Stock price gains since the announcement of these policy shifts illustrate that if they are executed, business confidence is likely to rise.

Where can I get business financing?

Horizon Technology Finance Provides Investment Portfolio Update Increases Portfolio Size with $24 Million in Loan Originations; Grows Committed Backlog to $47 Million

"During the third quarter, we experienced solid investment activity, increasing the size of our portfolio and expanding our committed backlog for the second consecutive quarter," said Gerald A. Michaud, President of Horizon. "Our success funding seven loans, totaling more than $24 million, and growing our committed backlog to $47 million underscores the strong demand for our venture debt products to growing life science and technology companies. We believe Horizon will continue to benefit from a robust pipeline of investment opportunities and is well positioned to deliver long-term, disciplined portfolio growth, while ensuring credit quality remains strong."

ECB profit increased in 2018

Financial Statements of the ECB for 2018

The ECB’s net profit is distributed to the euro area national central banks (NCBs). The Governing Council decided to make an interim profit distribution, amounting to €1,191 million, to the euro area NCBs on 31 January 2019. At yesterday’s meeting, the Governing Council decided to distribute the remainder of the profit, amounting to €384 million, on 22 February 2019.

Litigation Photo

Immune Design (IMDZ) Alert: Johnson Fistel Investigates Proposed Sale of Immune Design Corp.; Are Immune Design Shareholders Getting a Fair Deal?

The investigation concerns whether the Immune Design board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Immune Design shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given that one Wall Street analyst has a $9.00 price target on the stock and the Company has approximately $100 million in cash and no long-term debt.

Mergers and Acquisitions

Merck to Acquire Immune Design; Acquisition Bolsters Capabilities in Vaccine Development for Infectious Diseases and Cancer

“Scientists at Immune Design have established a unique portfolio of approaches to cancer immunization and adjuvant systems designed to enhance the ability of a vaccine to protect against infection, which could meaningfully improve vaccine development," said Dr. Roger M. Perlmutter, president, Merck Research Laboratories. “This acquisition builds upon Merck’s industry-leading programs that harness the power of the immune system to prevent and treat disease.”

%d bloggers like this: