UK businesses are facing elevated levels of uncertainty associated with the UK’s exit from the EU, exacerbated by rising global trade tensions and geopolitical risks. This ESCoE workshop covered work on the measurement of uncertainty and eliciting business-level expectations from large-scale surveys in the US and UK. The causes and effects of changes in expectations and uncertainty at the business-level and the implications for the aggregate economy were discussed.
Paul Mizen and Tatsuro Senga gave presentations on ‘The Decision Maker Panel’ and ‘Brexit, Business Activities and Uncertainty: Japanese Perspectives’.
