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EU says ‘Brexit’ risks weigh on European economy

EU says ‘Brexit’ risks weigh on European economy

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BRUSSELS: The EU warned on Tuesday that uncertainty over Britain’s referendum on membership of the 28-member bloc in June poses a “considerable” risk to the European economic outlook.
“Risks associated with domestic EU developments remain considerable, as for instance... the uncertainty ahead of the UK’s EU referendum,” it said in its spring economic forecast, reports AFP. Britain’s own economy also faces risks from the issue. “Overall, risks to the outlook are tilted to the downside, reflecting less favourable external demand and uncertainty in the lead-up to the June referendum,” the forecast said.