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Departure to cost EU 0.5% of GDP but UK 2.25% by end 2022, according to first official estimate since deal was agreedThe economic blow dealt by Brexit will be four times greater in the UK than the EU, according to the latest forecasts by Brussels.A month into the new relationship, the European commission said the UK’s exit on the terms agreed by Boris Johnson’s...

Exporters badly hit already but KPMG says ‘biggest headaches’ have yet to come’ for importersBritish firms are warning of further Brexit red tape as the government prepares to introduce a long list of new controls on imports from the European Union in April and July. In the coming months further checks are due to be phased in at the UK border, controlling everything from...

Latest World Economic Outlook describes shock of coronavirus pandemic as ‘like no other’Coronavirus – latest updatesSee all our coronavirus coverageThe International Monetary Fund has slashed its forecasts for global growth in response to the Covid-19 pandemic and warned of a slump in output this year unparalleled since the Great Depression of the 1930s.In its half-yearly forecasts, the IMF said the “Great Lockdown” would cause...