No deal Brexit is no 'cliff edge' for the UK economy (but it won't help)
ING THINK aloud10 Sep 2020

No deal Brexit is no 'cliff edge' for the UK economy (but it won't help)

The UK government has changed some of the provisions in its divorce agreement with the EU, putting strain on already tense relations with the bloc and threatening to undermine a trade deal. In response, investors have pushed the pound down against both the dollar and the euro. But is a trade deal really so much better than no deal at all? In this podcast, ING's Developed Markets Economist James Smith offers his thoughts and explains why a sudden plunge in GDP is unlikely.

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Inequality threatens European cohesion

Inequality threatens European cohesion

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Europe's third wave woes

Europe's third wave woes

The European Commission is calling for tougher controls on vaccine exports, as the bloc struggles with a third wave of the virus and criticism over its handling of the vaccine rollout. The vaccination...

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Money for Nothing

Money for Nothing

President Joe Biden says his $1.9 trillion pandemic rescue plan, for the first time, prioritises working- and middle-class Americans. But US household wealth has surged throughout the pandemic, with i...

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ECB steps up stimulus but is it enough?

ECB steps up stimulus but is it enough?

The European Central Bank is stepping up the pace of asset purchases in response to rising bonds yields, which have threatened to undermine the eurozone’s economic recovery. German bund yields rose to...

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Dear Prudence

Dear Prudence

UK Chancellor Rishi Sunak is going where few finance ministers have gone before in the Covid-19 pandemic, announcing future tax hikes to pay for relief measures. Those measures, which were extended in...

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Gauging the ‘taper tantrum’ fallout

Federal Reserve Chairman Jerome Powell sent a message to nervous bond markets this week: calm down. But are traders and investors listening? 10-year Treasury yields have continued their march higher o...

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The rise and fall of voluntary social distancing

The rise and fall of voluntary social distancing

In economic terms, the second wave of the pandemic in Europe has been less severe than the first. Official lockdowns have been less harsh and more targeted, according to EU Economic Commissioner Paolo...

18 Feb 20219min

Inflation Blues

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It gave B.B. King the blues. And Larry Summers is getting worried about it, too. Inflation in the US is set to rise in the coming months, fuelled by an economic reawakening and massive fiscal stimulus...

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