Markets

Worldwide economic growth could shrink by more than $1 trillion if coronavirus becomes a global pandemic, one research firm warns

Oxford Economics projects the coronavirus could wipe out $US1.1 trillion from their baseline worldwide gross domestic product forecast if it morphs into a global pandemic. A more optimistic estimate from the firm anticipates the pandemic being contained within Asia, and global GDP falling $US400 billion below their baseline before a […]
Worldwide economic growth could shrink by more than $1 trillion if coronavirus becomes a global pandemic, one research firm warns
Markets

100,000 Americans could have their jobs destroyed by Trump’s trade war

President Donald Trump’s trade war could destroy 100,000 American jobs in 2019 if he places a tariff of Europe’s automotive sector, an Oxford Economics report concluded. Oxford Economics says Trump’s tariffs would shave off 0.1 percentage points from US gross domestic product next year in a worst-case scenario. Trump has […]
100,000 Americans could have their jobs destroyed by Trump’s trade war
News

There’s a light at the end of the tunnel for Britain’s economy

Britain’s economy has slowed significantly since the Brexit referendum with little to cheer about. However, this week represented a rare bright spot for the economy. GDP grew faster than expected, the number of people employed rose to a record high, and the deficit fell more than forecast. LONDON – Doom, […]
There’s a light at the end of the tunnel for Britain’s economy
News

A ‘hard Brexit’ could cost the EU £99 billion by 2020

A no-deal “hard” Brexit would cost the remaining 27 EU countries £99.5 billion ($US137 billion) in lost trade and output by 2020, according to UK research group Oxford Economics. The UK would still likely be the biggest loser from leaving the EU without a deal – losing out on £125 […]
A ‘hard Brexit’ could cost the EU £99 billion by 2020