Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Could Post-Brexit Britain Join TPP?

Missed Sourcing Journal’s Virtual Sourcing Summit? It's not too late to view all keynotes and panels from the two days. Watch on demand now.

Brexit was among the hottest topics on the table at the G20 meeting in China last week, and the looming uncertainty surrounding Britain’s decision to leave the U.K. won’t be letting up anytime soon.

In an interview with Sky News, U.K. chancellor Philip Hammond said since markets and businesses weren’t expecting the surprise exit, the resulting reactions haven’t been unfounded.

What’s more, because the process of Britain removing itself from the union will take time, the global economy won’t exactly be resting assured in the immediate future.

“There is going to be uncertainty about the outcome hanging over the world economic outlook for perhaps the next couple of years,” Hammond told Sky News.

And because businesses tend to hold off on decisions in periods of uncertainty and consumers delay big purchases, the economy likely will slow.

Read more at Sourcing Journal.


Related Articles

More from our brands

Access exclusive content Become a Member Today!