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 9 months ago by MicroWave@lemmy.world to c/economics@lemmy.world
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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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[–] Robsadaisy@lemmy.world 27 points 9 months ago (2 children)

Surprise surprise! I’m still so f’ng angry about it.

[–] farcaster@lemmy.world 19 points 9 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.

[–] Draghetta@lemmy.world -4 points 9 months ago (1 children)

I don’t get people who react like you do.

Are you angry about brexit? Do you want to undo it? The first step is talking about it, admitting what a failure it was. Then we can build a sentiment for rejoining. As long as admitting failure is frowned upon - even by those who didn’t want to leave, ready to ridicule those who did - there can be no moving on.

Why do you think rejoin hasn’t happened yet, if not for a sense of pride?

[–] Robsadaisy@lemmy.world 3 points 9 months ago

Lol preaching to the converted