The virus outbreak has had a serious impact on economic growth, with consequences both for the British and Swedish economy. The outbreak has caused an unprecedented situation of a simultaneous supply and demand shock with disruptions in global supply chains and lower household spending. The global economy is expected to enter a recession with negative GDP growth in 2020. The British and Swedish government has undertaken comprehensive fiscal policy measures ...

UK-EU negotiations have been put on hold due to the outbreak of the coronavirus (COVID-19). The UK government spokesman said “Both sides remain fully committed to the negotiations and we remain in regular contact with the European Commission to consider alternative ways to continue discussions, including looking at the possibility of video conferencing or conference calls, and exploiting flexibility in the structure in the coming weeks”. Prime Minister Boris Johnson ...

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 ...