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One Nation’s Brexit Dismay Is One other’s Financial Boon, For Now

(Bloomberg) — Britons could also be fed up with uncertainty over Brexit however their indecision has boosted an economic system on the other aspect of the European Union.

Lithuania upgraded this 12 months’s progress forecasts on Wednesday, citing the delay within the U.Ok.‘s exit from the EU — and the dearth of ensuing disruption — as the primary motive for the rosier outlook.

“The Brexit issue was key,” Finance Minister Vilius Sapoka mentioned. “Whereas dangers haven’t disappeared, they’ve been pushed again till autumn and even later. The Brexit issue has additionally proven up in international demand as companies responded to the massive uncertainties by stockpiling merchandise.”

To contact the reporter on this story: Milda Seputyte in Vilnius at [email protected]

To contact the editors answerable for this story: Andrea Dudik at [email protected], Andrew Langley, Michael Winfrey

For extra articles like this, please go to us at bloomberg.com

©2019 Bloomberg L.P.

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