Italy's economy minister says hopes for clarification on timing and process of Brexit

CHENGDU: Italy's Economy Minister Pier Carlo Padoan told Reuters he hopes for clarification on the timing and process of the UK's exit from the European Union.

"Brexit has already had an impact," he said, speaking on the sidelines of the G20 conference in Chengdu, China on Saturday.

"All international organisations and governments are revising downwards their growth projections due to Brexit-related uncertainty and impact on demand. So this is already a problem. I hope that there is going to be clarification about the timing and process of the divorce. The sooner the better so this generates a new equilibrium."