Special
Markets and media are focused on everything related to Covid-19, yet the Brexit-clock ticks away in the background. The first real deadlines are nearing fast. There are plenty of compelling arguments to extend the transition period; we challenge the conventional wisdom and look for reasons why the UK government would not ask for more time.
Special
Brexit has finally become a done deal, but the next phase of the negotiations is much broader in scope. The little time available limits the potential of any EU-UK agreement. Indeed, Brexit has been gradually defined in much harder ways.
Economic Report
The great Brexit gamble paid off: Prime Minister Johnson got his majority in the House of Commons and he will now be able to ‘get Brexit done’. The UK will leave the EU by January 31.
Special
Since 2017 the US has blocked the appointment of new members of WTO’s Appellate Body, which per 11 December is unable to fulfil its tasks. Consequently, trade disputes would again have to be resolved according to the GATT regime, means trade rules will be dictated by the most powerful countries.
Special
Even though PM Johnson’s Brexit deal would only lead to limited checks, we don’t expect the EU to accept his proposal. They are treading carefully to avoid any blame and count on the UK Parliament to prevent a no-deal Brexit on October 31.
Economic Report
Whilst ‘Super Saturday’ turned into a Brexit anti-climax, it also became clear that Prime Minister Johnson actually might have the numbers to get his deal through. This may change when the deal will be scrutinized.
Economic Comment
The EU and the UK are treading carefully to avoid any blame when things go wrong, but it remains highly unlikely that a deal will be reached in the next two weeks. This means that there will be yet another showdown in Westminster.
Economic Comment
A lot has happened since we’ve published our previous Brexit Outlook. The clash between the British Government and Parliament was entirely expected, but eventually culminated into an unprecedented series of dramatic events.
Special
Prime Minister Johnson has asked the Queen to suspend Parliament. While it was an explosive move, confrontation between Johnson and Parliament has always been inevitable. The EU has been betting on the UK parliament to intervene, but the window has narrowed. The risk of a no-deal Brexit is obviously rising, but secondary to the risk of a general election.
Dutch Housing Market Quarterly Dutch version
The rise in house prices is slowing, as expected. Whereas house prices rose 9 percent on average in 2018, we expect an average rise of 6 percent in 2019 and 4 percent in 2020. Sales are expected to stabilize around 205,000.
Economic Update
Brexit will get messier under Boris Johnson’s leadership and the British economy is already suffering from the Brexit uncertainty. The economic outlook for 2019 is modest and shadowed by the prospect of a hard Brexit on 31 October.
Economic Comment
Boris Johnson is the new British Prime Minister and his team of hardcore Brexiteers points towards a tougher stance on Brexit under his leadership. Brexit is just about to get messier in the coming months.
Economic Report
Conservative MP’s have pre-selected Johnson and Hunt as the candidates the party member can vote for to become the new PM. Johnson has so far been in the lead, which spells a lot of trouble for Brexit.
Economic Quarterly Report Dutch version
Our outlook for the global economy has become less rosy and the downside risks have increased. Global trade, for example, is clearly slowing down and we expect a recession in the US by the end of 2020. We also expect the trade war between the US and China to linger on for a sustained period of time.