Dan Salt
@Danjsalt
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29-01-2021 21:28:02
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Ian Whitehead Dan Salt No, the EU’s continued economic stagnation has caused them to lose the “largest market on the planet” trophy.
the USMCA (née NAFTA) is 17% of global GDP. The EU is 14%. CPTPP (the UK’s new trade bloc) is already at 10.4% and will soon overtake. So I guess that makes them 2nd or…
John Kneeland Ian Whitehead Dan Salt USMCA isn't a market, it's an FTA, like CPTPP.
And all the percentages you quoted look more like shares of global PPP which are meaningless from a trade perspective.