Britain’s priority: Overcoming European growth lag
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OMFIF – Tuesday 5 January 2021
Britain’s priority: overcoming European growth lag. Diversions and disruption ahead on EU journey
By David Marsh in Berlin
UK GDP growth was outperforming the euro area’s anaemic outturn until the Brexit referendum. Now that the European Union and the UK have sealed a post-Brexit trade deal, rebuilding economic dynamism via growth policies and deregulation after a disproportionately severe Covid hit will be easier said than done. If UK efforts succeed, it may provide the EU with useful competition.
