EU says Brexit “poses considerable risk to European, UK economies”May 3, 2016 - 17:33 AMT PanARMENIAN.Net - The EU warned on Tuesday that uncertainty over Britain's referendum on membership of the 28-member bloc in June poses a "considerable" risk to the European economic outlook, AFP reports. "Risks associated with domestic EU developments remain considerable, as for instance... the uncertainty ahead of the UK's EU referendum," it said in its spring economic forecast. Britain's own economy also faces risks from the issue. "Overall, risks to the outlook are tilted to the downside, reflecting less favourable external demand and uncertainty in the lead-up to the June referendum," the forecast said, according to AFP. Britain votes on June 23 in an in-out referendum on whether to stay in the EU. The EU cut its forecasts for the British economy, saying that "growth is expected to ease in 2016 and 2017." It projected annual growth of 1.8% in 2016 and 1.9% in 2017, compared to its earlier forecast in February of 2.1% for both years. 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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |