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
      18·
      4 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
      27·
      4 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?