That said, there remains a long-term discussion to be had about whether the world will restore its commitment to a global trading system, or whether, over time, we will see a bigger set of barriers that limit global trade. How could a hard Brexit affect the eurozone’s fragile economy?
A deal has been agreed between the UK Government and the European Union, which of course will be tested in the next election. The worst-case scenario of a no-deal Brexit in the short term has been eliminated and the uncertainty over it is fading.