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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[–] 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.