European Union and Vote

global economy: As such, the Brexit vote will not be an open-and-shut case regardless of the outcome, according to Euro News. Broader worries about global trade, frail growth and dwindling investment returns have festered since the banking shock of 2007/08 and have mounted this year. With markets on tenterhooks over Thursday too close to call vote on Britain future in the European Union, the damage an exit vote would deal business activity and world commerce is amplified by the precarious state of the global economy and its inability to absorb any left-field political shocks. Stalling trade growth has already led the world economy to the brink of recession for the second time in a decade, with growth now hovering just above the 2.0-2.5 percent level most economists say is needed to keep per capita world output stable. And it not a seasonal blip. Three-month averages for growth of world trade volumes through March this year have turned negative compared with the prior three months, according to the Dutch government statistics body widely cited as the arbiter of global trade data. (news.financializer.com). As reported in the news.