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Ceturtdiena 29.09.2016 | Name days: Mihails, Miķelis, Mikus, Miks, Miģelis

SEB: economic consequences from Brexit would be surmountable

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUGlobal economic growth rates will remain at 3%. International investors have nonetheless adapted to the slow growth environment, as noted by SEB Bank experts in the latest Investment Outlook.

In addition, there are positive trends noted in economy – prices on raw materials are in the process of recovering and consumers still feel well, as mentioned in the outlook. The growing stock market, recovering prices on raw materials and more stable tendencies in alternative investments are part of factors that were analysed by SEB Bank’s Investments Outlook.

SEB Private Banking investment strategist Ingus Grasis: «Slow global economic growth remains – economists continue reducing GDP outlooks. Concerns about the possibility of a recession have reduced at the beginning of the year. The possibility of a negative scenario does not exceed 20%. Europe’s economy is headed in the right direction. SEB experts believe the growing political uncertainty in Europe will not have any significant consequences.

While looking for investment opportunities under the current market situation, preference is given to assets that provide regular income. Risk premium shares are more attractive. This is why shares remain the base of SEB Bank’s investment portfolio. Preference is given to shares of European companies».

The latest Investment Outlook also addresses the possibility of Brexit. «In spite of the fact that Brexit may have political and economic consequences for the entire European Union, experts are confident that economic consequences will be surmountable,» – says Ingus Grasis. The possibility of the UK to remain in the EU is 65%. With a possibility of 25%, there could be the so-called soft exit. If the UK remains in the EU or carries out the so-called soft exit, other countries could follow its example, which could make the situation in the EU tenser. In the event of a heavy exit, there could be a tighter integration in the EU.

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