this post was submitted on 20 Feb 2024
79 points (100.0% liked)

Economics

517 readers
9 users here now

founded 2 years ago
79
Brexit Britain has 'significantly underperformed' other advanced economies, Goldman Sachs says (www.cnbc.com)
submitted 11 months ago by MicroWave to c/economics
7 comments fedilink hide all child comments
 
  • 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.
you are viewing a single comment's thread
view the rest of the comments
[–] farcaster 19 points 11 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.