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Is this a good or a bad thing? I mean, Brexit almost guaranteed economic contraction
by bediger4000 4y ago
Is this a good or a bad thing? I mean, Brexit almost guaranteed economic contraction
- jfengel 4y agoIt's a surprising thing, in that Russia should be hurt worse than it is by sanctions. As for the UK economy, it's hard to draw reliable, direct connections to Brexit. Everybody expected some downturn, but it's hard to distinguish this specific level of downturn from all of the other things going on in the UK economy. Natural gas prices have hit the UK hard; unemployment has had a hard time matching workers to openings. That may be due to Brexit, or it may be due to pre-existing conditions and the management of the current government. So it's a bad thing, but it's not necessarily helpful to just say "It's Brexit's fault" -- even if it is. You can't reverse Brexit any time soon. The conditions on the ground are what they are. The real problem is that these conditions were years and decades in the making -- not just Brexit -- and will not yield to short-term fixes.