Post-Brexit Britain has "significantly underperformed" other advanced economies since the 2016 EU referendum, according to new analysis from Goldman Sachs.
  • 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.
    • farcaster@lemmy.world
      19·
      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.

    • Draghetta@lemmy.world
      37·
      10 months ago

      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?