The spread of the coronavirus (COVID-19) is a major adverse shock to both the supply side and the demand side of the economy. The supply side and demand side shock will cause a downward shift of the supply and demand curve, implying that employment levels will decrease significantly. Several economists have argued that much of the negative economic effects and job losses that we are seeing is due to the supply ...

Following the spread of the Coronavirus, Covid-19, risky asset and commodity prices have fallen sharply, and government bond yields reached all-time lows. The Bank of England voted unanimously to reduce the Bank Rate by 50 basis points to 0.25% on 10 March 2020 in order to help UK businesses and households manage through the economic shock caused by the spread of the Coronavirus. Commenting on the interest rate decision by the ...

As the Coronavirus (COVID-19) continues to spread across the world, major economies are experiencing mounting pressure as consumer spending, production and investment are drastically cut. Subsequently many companies and governments are therefore facing urgent economic challenges. While the situation is unprecedented, the global investment community is bracing for the impact. Sweden’s minister of finance, Magdalena Andersson, said during this Wednesday’s press conference that the Swedish economy is expected to grow ...

The focus of the BCC Annual Conference on the 5 March 2020 in London was placed on the key issues facing Britain’s community. Adam Marshall, Director General for the British Chambers of Commerce, states that the key priorities of our Chamber business communities for 2020 and beyond is to seize new opportunities and help the UK rise to new challenges. Economic performance depends on business confidence and it’s important to ...

Financial Forecast with Christian Keller, Managing Director and Head of Economics Research, at Barclays. The global economy is in a slowdown. Barclays global growth forecast projects real GDP will rise from an estimated 3.1 percent in 2019 to 3.2 percent in 2020 and 3.5 percent in 2021 – which is a slight downward revision of previous projections. The global economic slowdown is a consequence of rising trade barriers, geopolitical uncertainties and ...

Prime Minister Boris Johnson has set out his vision for a trade deal with the EU, stating that he wants a comprehensive trade agreement. The PM has suggested that he wishes to see a trade deal similar to that of Canada or Australia. Boris Johnson says in his speech that there is no need for a trade agreement between the UK and EU to involve an acceptance of EU rules ...