Brexit was so 2016

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Two years after the Brexit referendum, stunningly little progress has been made in executing the withdrawal. That lack of progress has in turn led to a lack of clarity on the part of UK firms. While measures of business sentiment initially took a hit in the wake of the vote, real economic activity remained solid […]

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Each country for itself

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Growth has made a comeback but each country already wants to take its own path. Unity is no longer on the cards and the world economy is fast going down a very different road. During the recovery in 2016 and 2017, the worldwide situation was relatively stable, with no major imbalances, and the central banks cut […]

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‘Frexit’ looms over coming French presidential elections

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Philippe Waechter, Chief Economist, Natixis Asset Management looks at the market implications of a “Frexit”: “Currency would be at the very crux of the new framework that France would need to set up. The central bank would lose its independence and would be used as an instrument to finance state spending. In other words, the […]

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