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
    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.