4 ms·
> GDP is down 10% since Brexit. No, it's not? Unless you're comparing pre-pandemic to mid-pandemic, rather than the most recent post-pandemic estimates. Curre
by cameronh90 4y ago
> GDP is down 10% since Brexit.
No, it's not? Unless you're comparing pre-pandemic to mid-pandemic, rather than the most recent post-pandemic estimates.
Current GDP estimate is within a percentage of what it was in January 2020, and about 6% higher than it was the month before the brexit vote. That's still far from ideal, but it's not 10% down.
Maybe you're thinking of GDP-PPP, but I haven't seen any post-pandemic figures on that, or maybe you're thinking that GDP _growth_ is 10% (not pp) lower than before brexit. That may be the case, but the last three years aren't a good basis for estimating GDP growth as they're very unstable for a whole host of reasons.
We are in a really bad economic situation and are underperforming most developed nations, but our GDP is not down 10%.