less severe economic consequences than expected

The evaluations follow each other and are not alike. Whereas previously economists were forced to work on several scenarios (“deal / no deal “) in an attempt to measure the economic consequences of the divorce between the United Kingdom and Europe, the signing of an agreement on December 24, just a few days from the fateful deadline, makes it possible to remove many uncertainties. In a recent study, credit insurance specialist Euler Hermes estimates that the repercussions of this separation are less disastrous than in previous simulations. “This free trade agreement is more advantageous than the scenarios previously considered, because it provides for zero customs duties on goods and it is less restrictive on foreign inputs. A considerable advantage for British and European exporters” announces the insurer in a press release. Before this deal, most economists had considered …

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The Ibex anticipates soft gains and continues to offer good feelings