The European Union (EU) is comprised of 28 governments while there are 19 countries tied
to the Euro. The citizens of England have voted to leave the European Union.
1. How is England’s financial situation doing now?
Currently, England’s growth rate has improved to a 0.4 percentile in the second quarter though is
tepid in the languages of International Monetary Fund. According to I.M.F, there is considerably
a slower than the average 0.6 percent that has been achieved since 2016. Taking a look at the
income saved by the households, it has hit bottom low in the first quarter, showing that consumer
has been propped up by fewer savings by the people and much borrowing with intents of
maintaining consumption levels.
After adjustments to the inflation, the earnings growth has seemed like a fall from a 1.5 percent.
This decline in the living standards originates from the rise in the inflationary rate and also in the
fall of the average growth of wage. Both the underemployment and the unemployment rates are
down with a rise seen in the employment rate and labor markets.
2. What occurred to prompt England’s citizens to vote to leave the EU?
The greatest recession and austerity policies of the European makers of the policies are some of
the factors that led to England m...