JPMorgan's Dryden: U.K. Consumer May Feel Pain of Brexit

JPMorgan's Dryden: U.K. Consumer May Feel Pain of Brexit

Assessment

Interactive Video

Business

University

Hard

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The video discusses the impact of Brexit on the UK economy, highlighting robust data that contradicts initial forecasts. Concerns include a record current account deficit and a significant drop in retail sales, indicating consumer strain. Business investment is on hold pending political clarity. The potential for interest rate hikes is debated, given the economic slowdown and high consumer debt.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the current account deficit mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of consumer indebtedness in the context of Brexit?

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