Economics

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Brexit Britain has 'significantly underperformed' other advanced economies, Goldman Sachs says (www.cnbc.com)

submitted 10 months ago by MicroWave to c/economics

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The U.K. economy is worse off today than before Brexit, according to new analysis from Goldman Sachs.
Britain’s decision to leave the European Union has hampered the economy to the tune of 5% versus other comparable countries, the estimates showed.
The Wall Street bank attributed the shortfall to three key factors: reduced trade; weaker business investment; and lower immigration from the EU.

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[–] farcaster 19 points 10 months ago

Yeah this is real "shocked Pikachu" news. Everyone who knew anything about economics, finance, and global trade predicted this. If they were being honest, of course.