“It is true that the economy will be very slightly smaller, but if we do the deal in the way that the prime minister has set out and negotiated, that impact will be entirely manageable,” UK Treasury chief Philip Hammond told the BBC. The official estimates underscore the harsh economic...
"The keys to whether the U.S. economy is affected significantly will be whether equities tumble enough to have a major impact on business and consumer confidence," says Jim O'Sullivan, chief U.S. economist at High Frequency Economics, a research firm. A cutback by consumers would be particu...
Brexit: an economy-wide impact assessment on trade, immigration, and foreign direct investmentBrexitComputable general equilibrium modelingModern trade theoryWe assess the impacts of Brexit on the UK economy along three dimensions: EU market access based on consideration of tariffs and non-tariff ...
While the fall in the value of the pound after the Brexit vote helped exporters, the higher price of imports was passed onto consumers and had a significant impact on the annual inflation rate. Consumer Prices Index (CPI) inflation hit 3.1% in the 12 months leading up to November 2017, a...
For example, on the one hand, if one accepts the results of, say, the Economists for Brexit (2016), then Brexit is actually likely to have a positive impact on the UK economy and, hence, the regions. On the other hand, if one takes the forecasts of the majority of the other ...
One of the key talking points at the G20 Summit will be Britain’s vote to leave the European Union - and its impact on the wider global economy. That's as the world's markets await signs of what Brexit will turn out to mean in the long run.
Notwithstanding the current economic bonanza, Dun & Bradstreet predicts that Brexit’s medium- to long-term economic impact on the UK will be significant and negative. With the UK heading for a ‘hard’ Brexit, we have downgraded the country’s risk rating from DB2c to DB2d (still just wit...
The uncertainty over the Brexit deal has already had an impact on the UK's economy. Irrespective of what the Brexit deal produces, London's status as a top international financial center could suffer. The UK has prided itself as the center of the global financial service industry and for bei...
A further year of coming to terms with the Brexit vote in the UK has hardly eased worries about its impact – if anything, fears being expressed privately are greater now than before, even if the public messaging is mostly a breezy get-on-with-it mentality. ...
Weaker demand, slower growth, faster inflation - that's the UK economy that the Bank of England sees in its crystal ball after the nation voted for Brexit. Now the first hard numbers are on the way. So far, surveys and estimates have mostly - though not comprehensively - shown that the...