Strong decrease in oil prices, declining economic growth and the potential departure of the UK from Europe ('Brexit'). Macro-economic developments can have a direct effect on the horticultural sector. But what effect exactly?
The International Monetary Fund (IMF) analyses the state of the global economy twice a year, and publishes its findings in the Global Financial Stability Report. In the April edition of 2016, the IMF mentions these developments among the factors to take into account:
• Decline in economic growth (3.2% instead of 3.4%)
• Dropping prices for raw materials
• Slowing growth of the Chinese market
• Agitation about the possibility of Brexit
What does the horticultural sector notice of these developments?
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