Gdp Growth and Countenance Entry

europe markets: The minister for Brexit, David Davis, would be content for British firms to pay tariffs to sell their goods into Europe markets, according to The Guardian. With Brussels unwilling to countenance entry to the single market without free movement of labour, May will need to prepare the ground for a relationship based on World Trade Organisation rules in the first phase of Brexit and only later a free-trade deal that mimics the Canadian deal currently going through the European parliament. Chancellor Philip Hammond has made it clear he believes the UK needs the same access achieved by the Norwegian and Swiss deals. Slowing GDP growth The global economy has slowed for more than a year, hitting trade and investment. Britain manufacturing sector has taken the brunt of the decline. China attempt to wean itself off manufacturing as its sole source of income has pushed down its own growth and much of the Asia region. (news.financializer.com). As reported in the news.