European View: Slow vaccinations, new lockdowns, and Brexit all challenge consumer and business confidence | The Conference Board
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European View: Slow vaccinations, new lockdowns, and Brexit all challenge consumer and business confidence


January 2021 | Economy Watch Reports

Consumer confidence increased modestly in Q4 2021; however, this improvement may not be sustained in the near term due to a slow vaccination campaign in many countries and a new set of lockdownsOn the bright side, the EU and the UK have agreed on a deal that rules their relationship as of January 1, avoiding at the last minute a no-deal Brexit. However, lack of clarity on many practical issues and new paperwork and compliance rules are complicating the lives of many businesses that trade across the Channel. Looking ahead, firms that are part of global supply chains will witness disruptions and will be pushed to reorganize in light of the new compliance requirements.


AUTHOR

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Ilaria Maselli

Senior Economist
The Conference Board


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