Next Week News

Poland's economy continues to expand at a solid pace amid subdued inflation and rising downside risks to outlook, the International Monetary Fund said in a report on Monday.

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Hong Kong's consumer price inflation eased for a second straight month in April, figures from the Census and Statistics Department showed Monday.

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Switzerland's statistical agency expects consumer prices to decline for a second consecutive year.

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Singapore's unemployment rate held steady in the three months ended March as initially estimated, final figures from the Ministry of Manpower showed Monday.

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The International Monetary Fund said Japan will require a more sustainable and coordinated policy upgrade to achieve Abenomics ambitious targets in the current scenario.

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Markets are trying to factor the consequences of 'Brexit' development and this has already led to sharp corrections in financial markets around the world, Reserve Bank of India Governor Raghuram Rajan said Friday.

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In a dramatic move, the U.K. decided to leave the European Union after 43 years of membership, in a closely contested referendum, and triggered the resignation of Prime Minister David Cameron as well as calls for Scottish Independence and similar EU referendums in Italy, France, and the Netherlands. In the referendum held on June 23, 51.9 percent voted to leave the EU.

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The U.K. gross domestic product is set to lose between 1.5 percent and 4.5 percent by 2019 due to "Brexit", the International Monetary Fund Managing Director Christine Lagarde said.

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Eurozone domestic demand-driven economic recovery that had strengthened recently, is set to slow next year, mainly due to the uncertainty created by the surprise "Brexit" vote, the International Monetary Fund said Friday, as it trimmed the growth outlook for the single currency region.

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Britain is set to have a new female Prime Minister as Home Secretary Theresa May is the only contender left in the Tory Leadership race, after Energy Minister Andrea Leadsom withdrew on Monday. It remains unclear whether the confirmation will come by the end of Monday or this week. After party confirmation, May must meet the Queen, who will return to London only tomorrow or Wednesday.

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