Britain’s growth stagnation reflects deeper structural issues than the innovation vs. infrastructure debate suggests. The real challenge lies in addressing both frontier and catch-up growth simultaneously through strategic policy reforms.
Study Projects Major Workforce and GDP Impacts from Immigration Restrictions A comprehensive analysis from the National Foundation for American Policy…
Bank of England Governor Andrew Bailey has pointed to Brexit as a warning to the global economy about the damaging effects of trade barriers. According to his remarks at the Group of Thirty meeting, erecting trade restrictions negatively impacts growth despite eventual adaptation. The comments come as finance leaders gather for IMF meetings where tariffs dominate discussions.
Bank of England Governor Andrew Bailey has pointed to Brexit as a cautionary example of how trade barriers can damage economic growth, according to reports from Washington where global finance leaders are meeting. Sources indicate Bailey told the Group of Thirty gathering that Britain’s departure from the European Union continues to weigh on the nation’s economic prospects despite some adaptation by businesses.
Canada has launched a new anti-tariff advertising campaign featuring Ronald Reagan’s voice as economic tensions with the U.S. intensify. The campaign comes as Ontario’s economic growth is projected to slow significantly and automaker Stellantis shifts production of the Jeep Compass from Ontario to Illinois, prompting federal legal threats.
According to a September report from the Financial Accountability Office of Ontario, the province’s real GDP growth is projected to slow to 0.9% this year and 1.0% next year due to the impact of U.S. tariffs. This economic slowdown comes at an awkward time for the Canadian province, which has historically maintained strong trade relationships with the United States.
