U.K.-Canada Trade Deal to Increase U.K. GDP by 0.08 Percent

October 21, 2013

That’s what David Cameron claimed according to the New York Times. Of course he didn’t describe the gains as 0.08 percent of GDP, he referred to the gains as 1.3 billion pounds, which probably sounds like a bigger deal to most people. People in the UK will also have to wait to see this dividend, since trade deals are typically phased in over a number of years. The full effect may not be seen for ten years or more.


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