Posts Tagged ‘world bank’

World Bank warns of wider no-deal Brexit fallout

Not just the eurozone at risk but countries further east and south, such as Belarus and Turkey

A no-deal Brexit will have a negative economic impact from Moldova to Morocco, as the shockwaves sweep eastwards across Europe and through trade links to North Africa, the World Bank has warned.

Unlike previous reports which focused on the UK and the 27 members of the European Union, the Washington-based organisation said nations from Belarus, Ukraine and Moldova in the east, and around the Mediterranean from Turkey and Egypt to Morocco would also suffer should Britain and the EU fail to agree a deal.

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Car sales chuff along even as Brexit doom dents big-ticket spending | Larry Elliott

Scandal over diesel emissions is a bigger factor in explaining last year’s sales dip

Spare a thought for the car dealer waiting for the next customer to wander into a showroom choc-a-bloc with gleaming unsold saloons. Car sales last year were well down on 2017 – falling by almost 7% . Contrary to some of the more lurid headlines, though, this is not an economic cataclysm.

Related: Diesel decline and Brexit uncertainty push down UK car sales

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