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 ...

Read More

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 ...

Read More

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 ...

Read More

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 ...

Read More

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 ...

Read More

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 ...

Read More