Obama says Brexit raises "longer- term concerns about global growth"June 30, 2016 - 10:10 AMT PanARMENIAN.Net - U.S. President Barack Obama has said the UK vote to leave the EU raises "longer-term concerns about global growth", BBC News reports. He said Brexit would "freeze the possibilities of investment in Great Britain or in Europe as a whole". He appealed to the UK prime minister and other EU leaders to ensure an orderly process for the British exit. Earlier EU leaders warned that the UK must honour the principle of free movement of people if it wants to retain access to the single market. The leaders of the other 27 EU countries were meeting in Brussels without the UK for the first time in more than 40 years. Obama was speaking at a summit in Ottawa with the leaders of Canada and Mexico, aimed at strengthening economic ties between North American countries. He said the preparations by central banks and finance ministers indicated that "global economy in the short run will hold steady". But he added: "I think there are some genuine longer-term concerns about global growth if in fact Brexit goes through and that freezes the possibilities of investment in Great Britain or in Europe as a whole. "At a time when global growth rates were weak already, this doesn't help," the president said. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. Armenia not going to war over Karabakh, says Pashinyan Armenia is not preparing to fight a war for Nagorno Karabakh, Prime Minister Nikol Pashinyan said in an interview. Caring for nature, we have started with ourselves - Team Telecom Armenia Team Telecom Armenia summarized the work undertaken within the company in the direction of environmental protection. Residents of border Armenian villages continue protests Residents of several Armenian communities in Tavush province continued protests into April 22 morning. |