Global Daily: Big reset?

In a joint statement, the European Union and the United Kingdom announced an agreement that spans, amongst other things, fishery, food, and energy. The UK-EU deal is being hailed as the biggest reset of trade ties since Brexit. However, the UK government estimates that material changes in these areas will increase GDP by 0.2% by 2040. That is another marginal gain, after the India FTA. As such, it can only be seen as limiting the damage of Brexit rather than a macroeconomic game changer.