NAB Morning Call UK trade talks to get an injection, but the prognosis is not good
Dec 8, 2020
11:38
Wednesday 9th December 2020The UK has started injecting people with the COVID vaccine. If only they could inject compromise in the UK and EU negotiators who remain a long way from reaching a deal. The chances are slim according to Michel Barnier, as Boris Johnston travels to meet Ursula von der Leyen Wednesday night (Thursday morning AEDST). No deal, plus the potential blocking of the EU budget by Poland and Hungary could make for a very disappointing EU summit at the end of the week. Meanwhile,. There’s no progress on a fiscal stimulus package in the US, but as NAB’s Tapas Strickland points out, even if there is a smaller than anticipated deal, it’ll be the bridge to a larger deal after Joe Biden takes office. On today’s podcast there’s also discussion on yesterday’s NAB business survey and today’s China GDP ands PPI figures.
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