Du Jun, Shepotylo Oleksandr
Economics, Finance and Entrepreneurship Department Aston Business School Aston University Birmingham UK.
World Econ. 2022 May;45(5):1409-1446. doi: 10.1111/twec.13220. Epub 2021 Nov 19.
This paper offers a detailed review of the UK's trade performance during the COVID-19 crisis and reflects on how this may be revived. During 2020, UK goods exports contracted more sharply than those of its international peers. Statistics suggest that UK had a deeper decline and slower recovery than Germany, Italy, Spain and the US. Further, the trends from 2017 to 2019 show a weakening in the UK's global competitiveness, suggesting a more persistent development against the backdrop of productivity slowdown and Brexit uncertainty. We analyse the confluence of internal and external factors that impact on UK trade and emphasise the importance of boosting productivity in the recovery from the COVID crisis and Brexit.
本文详细回顾了英国在新冠疫情危机期间的贸易表现，并思考了如何重振贸易。2020年，英国商品出口的收缩幅度比其他国际同行更为剧烈。统计数据表明，英国的跌幅比德国、意大利、西班牙和美国更大，复苏也更缓慢。此外，2017年至2019年的趋势显示，英国的全球竞争力有所减弱，这表明在生产率放缓和脱欧不确定性的背景下，英国的发展面临更持久的挑战。我们分析了影响英国贸易的内外因素的交汇，并强调了在从新冠危机和脱欧中复苏的过程中提高生产率的重要性。
