So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
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@chicao @john @ChrisMayLA6
And most likely the US. It does seem like a third is the critical mass of gullible, uninformed idiots required to install a democidal regime.@MostlyTato
#PostOfTheWeek (season 3):
Brexit, the United Kingdom’s decision to withdraw from the European Union, is a rare contemporary example of a major developed economy raising trade barriers and more generally pulling back from international economic integration.
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@MostlyTato
#PostOfTheWeek (season 3):
Brexit, the United Kingdom’s decision to withdraw from the European Union, is a rare contemporary example of a major developed economy raising trade barriers and more generally pulling back from international economic integration.@MostlyTato
When the Brexit referendum took place in 2016, academic and professional economists generally forecast that the policy about-face would result in a negative hit to the United Kingdom’s economy of about 4% of GDP over the long-term. Rather than a sudden, visible economic shock following the vote, the costs of Brexit have been gradual and cumulative. -
@MostlyTato
When the Brexit referendum took place in 2016, academic and professional economists generally forecast that the policy about-face would result in a negative hit to the United Kingdom’s economy of about 4% of GDP over the long-term. Rather than a sudden, visible economic shock following the vote, the costs of Brexit have been gradual and cumulative.@MostlyTato
Now, almost a decade later, new research aims to assess Brexit’s actual impact on the United Kingdom’s economy, which involves the challenging task of comparing the country’s economic indicators to what they would have been if the United Kingdom had remained in the European Union. -
@MostlyTato
Now, almost a decade later, new research aims to assess Brexit’s actual impact on the United Kingdom’s economy, which involves the challenging task of comparing the country’s economic indicators to what they would have been if the United Kingdom had remained in the European Union.@MostlyTato
This research finds that, ten years on, the economic cost of Brexit has been larger than analysts predicted and that prolonged policy uncertainty contributed importantly to the magnitude of the impact. Understanding the ways in which Brexit resulted in a drag on economic growth for the United Kingdom provides potential lessons about the costs of abruptly pulling back from the global economy for other countries. -
So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze
@ChrisMayLA6 My fellow Emerit, current wealthy nations are now lost causes, where expertise is more and more wasted.
Time to start concentrating on #EmergingEconomies in #DevelopingCountries
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@ChrisMayLA6 It's odd that the "Similar countries" include the US, Japan and Canada, in addition to the EU-27.
Level of development, will the criteria of similarity
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@chicao @john @ChrisMayLA6
And most likely the US. It does seem like a third is the critical mass of gullible, uninformed idiots required to install a democidal regime.@MostlyTato @chicao @john @ChrisMayLA6
It's two thirds. One third vote for them and another third don't vote at all, which makes them equally to blame.
The final third suffer the consequences. -
So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6 Farage is a putin agent
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Yup, that's clearly one way of joining the dots...
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So far Brexit looks to have cost the UK between 4-6% GDP per capita, with the negative impact continuing to compound as GDP growth remains weak compared to similar countries.
This chart should be shown each time Nigel Farage tries to make out its been a success (or if not, its not his fault). Brexit was clearly his project, its clearly cost the UK dear (in economic terms) & he should be reminded of this fact continually & publicly
#Brexit #economics
h/t Adam Tooze@ChrisMayLA6
Shouldn't be the comparison to the development in GB only the EU-27, and not alsoincluding US, Japan et al. (Dee Nöte of graph)? -
@MostlyTato @chicao @john @ChrisMayLA6
It's two thirds. One third vote for them and another third don't vote at all, which makes them equally to blame.
The final third suffer the consequences.@IcyBee @chicao @john @ChrisMayLA6
Good point.
