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Brexit Britain has 'significantly underperformed' other advanced economies, Goldman Sachs says (www.cnbc.com)

submitted 7 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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[–] Robsadaisy 27 points 7 months ago (2 children)

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

[–] farcaster 19 points 7 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 -4 points 7 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 3 points 7 months ago

Lol preaching to the converted