UK-Australia trade talks | UK economy set for growth | Global e-commerce trends

Posted on 29/04/2021 by DHL Express

Joint statement on UK-Australia trade talks

Trade talks have been ongoing between the UK and Australia. Last Friday they had agreed on the majority of the details around a comprehensive free trade deal, with both countries confident that the remaining issues can be resolved ahead of an agreement in principle by June.

International Trade Secretary, Liz Truss, said: “This is a deal that will deliver for Britain and all parts of our economy…that will support jobs across the country and help us emerge stronger from the pandemic…”

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UK economy ‘set to grow at fastest rate on record’

Experts have reviewed their initial predictions for GDP growth in the UK and now forecast that the economy is set to grow by 6.8% – its fastest growth since 1973. Initially forecasters expected the economy to grow by 5%.

Coronavirus restrictions were instrumental in the economy shrinking by 9.9% this year, but according to Ian Stewart, chief economist at Deloitte, “High levels of saving, the successful vaccination rollout and the easing of the lockdown set the stage for a surge in spending over the coming months.”

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The latest e-commerce trends from around the world

Continuing with our focus on consumer behaviour through Ramadan, we look at how TikTok has launched its own livestreaming e-commerce functionality in Indonesia, allowing customers to preview products before buying.

And with the effects of the pandemic driving the continued growth of e-commerce, changing attitudes towards how you receive your deliveries has led to a rise in the popularity of parcel lockers. And finally, are we looking at the end of bricks-and-mortar grocery stores?

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