Politically, the UK vote to leave the European Union has been a setback for the European project, but this decision is supposed to have a limited impact on the European economy as a whole, given the significant but limited weight of UK GDP.
Even the Bank of England hinted in its most recent statement that the rate increase anticipated for 2019 might take place sooner than expected. Of course, the Bank of England stressed that this will depend on the outcome of the Brexit negotiations. One persistent problem of the euro area economy is unemployment. I mentioned just now that euro area unemployment stood at 9.5%.