this post was submitted on 20 Feb 2024
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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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[–] [email protected] 1 points 9 months ago

Oh no way. No one would’ve seen this coming.