'Brexit will help global growth' says European Central Bank President Christine Lagarde

European Central Bank President Christine Lagarde said global growth is likely to get a boost from abating uncertainties on tre issues in wake of new pacts being signed. Speaking at World Ecomic Forum 2020 on Friday, former IMF chief said that issues like tre and Brexit have become more clear w. 

'Will eventually be reflected in prices'

Speaking furr she said that income growth and low employment will eventually be reflected in prices. She ded that tre agreements which were previously uncertain were w being negotiated and completed. She furr said, “I think distribution of benefits and costs as a result of tre diversion remains to be seen because it is t going to be win-all arrangements. re will be some downside effect and we at ECB are measuring where chips will fall and who will lose out of that re-diversion under various agreements.'' 

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Meanwhile, German Finance minister Olaf Scholz recently said that he was confident of fact that his country won’t suffer from Brexit but Britain will inevitably face consequences of it. After a long delay, Britain is all set to leave European Union on January 31. Speaking at World Ecomic Forum in Davos, he said that following Brexit, financial sector of Britain won’t be as important to EU as it is w. He also said that a n-member cant have equal rights and vants as a member ding that this would be an important factor in upcoming meeting between European Union and Britain. 

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On January 23, Queen Elizabeth gave royal assent to bill brought by British Prime Minister Boris Johnson as UK moved ar inch closer to its exit from current 28-member bloc. presidents of European Commission and European Council signed Britain withdrawal agreement popularly called Brexit deal, from EU on January 24. Ursula von der Leyen and Charles Michel signed off Brexit deal which will w proceed for ratification by European Parliament on January 29.