There is joy in the UK and the European Union over the sign of a new deal on Brexit. The International Monetary Fund (IMF) and the World Bank have said that the new agreement indicated by Britain about exiting the European Union will strengthen the outlook for Global economic growth and will benefit all rich and poor countries. .
At a press conference held during an annual meeting of the World Bank and IMF, World Bank President David Malpas said, "The clarity about this agreement will help improve the growth environment." Significantly, the UK and European Union have announced a new Bregit deal on Thursday by UK Prime Minister Boris Johnson. After the arrival of this news, Asian markets have seen a boom on Friday morning.
British Prime Minister Boris Johnson claimed on Thursday that he has got a new Brexit deal, which is good for him. Discussions were going on between the European Union and Britain about this deal for the last several days, now all the issues have been resolved. European Commission chief John Junker has also made a similar claim.
The British Prime Minister say…
British Prime Minister Boris Johnson tweeted on Thursday that we have got a new breakthrough, which will give us back the strength. Now only Parliament has to approve the Brexit on this Saturday, so that we can complete the further process.
Let us tell you that Boris Johnson had claimed that he will complete the Bregit deal by 31 October. Britain and the European Union were in talks for a new deal for a long time. This major agreement between Britain and the European Union took place just before the Brussels summit.
World Bank President David Malpas said the uncertainty over Brexit was overshadowing both the UK and the EU's trade and economic outlook, and now settling this issue will benefit both these economies as well as the developing world.
International Monetary Fund Managing Director Kristlina Georgieva has called the sign of the agreement "good news" and hopes that the agreement will be fully implemented. He said that according to IMF estimates, this may reduce the UK's GDP decline. Prior to this agreement, the IMF had projected an increase of 1.2 per cent in UK GDP.
