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The COVID/Brexit cocktail: UK lost market share in U.S., Germany and China - report

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The United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published on Monday.

FILE PHOTO: A lorry arrives at the Port of Dover following the end of the Brexit transition period, Dover, Britain, January 1, 2021. REUTERS/Peter Cziborra

While all countries grappled with the tumult of COVID-19, the United Kingdom lost market share in its biggest export markets - the United States and Germany, the research showed. “The UK’s decline in exports to the U.S. appeared the sharpest in both absolute and relative terms and the most prolonged among the major European countries .”

“This to some extent paints a picture of slowing UK exports to Germany following the 2016 Brexit referendum, which may indicate some decoupling between the two economies,” economists Jun Du and Oleksandr Shepotylo said in the report.

 

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The COVID/Brexit cocktail: UK lost market share in U.S., Germany and China - reportThe United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published on Monday.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

The COVID/Brexit cocktail: UK lost market share in U.S., Germany and China - reportThe United Kingdom lost market share in the United States, Germany and China during the COVID-19 pandemic due to global trade chaos, Brexit and poor productivity, according to new research published on Monday. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him johnteddy63 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ Win-win is a belief in the Third Alternative. It's not your way or my way; it's a better way, a higher way. -- Stephen Covey The UK is to Europe as a scab is to a union.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »