Economic Month in Review

Chris Low, and Rebecca Kooshak

April 2019: Tit-for-Tat

Q1 GDP beat the rosiest of forecasts in spite of weakening global growth and trade tensions. The EU and US traded tariff threats following WTO rulings finding both sides offering “prohibited” subsidies to gain advantage in the aerospace industry. EU leaders offered the UK a six-month flexible extension on its scheduled April 12 exit from the EU, during which period it must decide if it wants to withdraw or reconsider Brexit altogether.

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