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On 19 July, the International Monetary Fund (IMF) reduced its 2017 economic growth forecast for the UK from 2.2% to 1.3%, but still expected Britain to be the second fastest growing economy in the G7 during 2016; the IMF also reduced its forecasts for world economic growth by 0.1% to 3.1% in 2016 and 3.4% in 2017, as a result of the referendum ...
Financial referendums have a moderating and disciplining effect on public funds and reduce centralization of government spending. [3] Disproportionately high or unpopular expenditure will most likely not be approved by the citizens in referendums, and referendums are associated with significantly lower public expenditure and taxes.
In 2016, the impact of Brexit on the European Union (EU) was expected to result in social and economic changes to the Union, but also longer term political and institutional shifts. The extent of these effects remain somewhat speculative until the precise terms of the United Kingdom 's post-Brexit relationship with the EU becomes clear.
The technical name of these types of votes used internationally is referendum, but within the United States they are commonly known as ballot measures, propositions or ballot questions. The term referendum in the United States normally refers specifically to questions about striking down enacted law, known internationally as the popular referendum.
For once, California got it right.The deep-blue state went for Joe Biden on Election Day, a result which was never really in doubt. But in a key policy referendum on expanding “rent control ...
In particular, there was a broad consensus among economists and in the economic literature that Brexit would likely reduce the UK's real per capita income in the medium and long term, and that the Brexit referendum itself would damage the economy.
WASHINGTON (AP) — The House passed a bill Thursday that would allow Puerto Rico to hold the first-ever binding referendum on whether to become a state or gain some sort of independence, in a ...
A few weeks after the referendum, an e-petition originally set up beforehand on 25 May 2016 by a member of the Leave-supporting English Democrats [failed verification] demanding it be re-run in the event that a supermajority was not reached became the most popular petition on the site, receiving 4,150,262 signatures. [13]