FocusEconomics Brexit Special – Trade Deal

Special Brexit Update

The UK-EU Trade Deal

The UK-EU trade deal is expected to noticeably reduce the UK’s growth potential, due to the lack of provisions for services, non-tariff barriers for goods and a tighter migration policy. The majority of economic sectors are likely to suffer, with financial services most often cited as the hardest-hit sector.

Download the report to find out the answers to the following questions:

- What is in the deal?

- What will be the economic impact of the deal?

- How will it affect key sectors?

- What does the future of trade look like?

- What does the future hold for the UK as a union?

The brief also includes insights from leading economists from institutes such as the Kiel Institute, Oxford Economics and Scope Ratings.

The UK-EU trade deal is expected to noticeably reduce the UK’s growth potential, due to the lack of provisions for services, non-tariff barriers for goods and a tighter migration policy. The majority of economic sectors are likely to suffer, with financial services most often cited as the hardest-hit sector.

We invite you to download the report where we answer the following questions:

  • What is in the deal?
  • What will be the economic impact of the deal?
  • How will it affect key sectors?
  • What does the future of trade look like?
  • What does the future hold for the UK as a union?

The brief also includes insights from leading economists from institutes such as the Kiel Institute, Oxford Economics and Scope Ratings.

 

Special Brexit Update

The UK-EU trade deal

The Covid-19 pandemic shook economies worldwide in 2020. However, the Nordics region weathered the effects of the health crisis better than most European peers, contracting 2.4% overall last year, markedly above the Euro area’s 6.7% decline. Meanwhile, the recovery seems to be well underway in most Nordic countries, as many of the measures to curb the spread of the virus are being gradually lifted. The region is expected to grow at the fastest pace in over a decade in 2021, with FocusEconomics Consensus panelists forecasting a 3.2% expansion.

To better understand what factors contributed to the Nordic economies’ performance and what we can expect ahead, we spoke to David Oxley from Capital Economics, Ville Kaitila from ETLA Economic Research, Janne Ronkanen from Handelsbanken and
Erik Spector from the Swedish National Institute of Economic Research (NIER).

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