Export England

englandLast year, US exports to the UK were $55 billion, 2.5% of exports; just 0.3% of US GDP. The direct effects of a slump in the UK will be hardly noticed. The indirect effects are what matters. Heading the list; a rising dollar, falling commodity prices, reduced corporate investment, widening credit spreads, lower interest rates and risk appetites, slumping emerging markets, and fear of other countries possibly following Britain.

Share This Post
Facebook Twitter Email


  1. Articles like these put the consumer in the driver seat-very imnoptart.

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.