LONDON (AP) — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming…
LONDON (AP) — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic. In its latest survey of the British economy, the Paris-based Organization for Economic Cooperation and Development said Wednesday that a trade deal that ensures a close relationship will minimize the costs of Brexit. The OECD, which monitors and advises its 37 member countries, said the British economy will likely end this year 10.1% smaller than it started following the spring slump when a national lockdown was imposed to suppress the coronavirus outbreak. Though the British economy recovered around half the output lost during the summer, when the lockdown was eased, the resurgence of the virus in the past few weeks has led to further government restrictions on businesses, both nationally and locally.
