A decade on, the economic cost of Brexit has just been laid bare – and it’s devastating. Here's what the figures say.
  • bleistift2@sopuli.xyzEnglish
    92·
    17 hours ago

    I’m really not a fan of statements like “UK GDP is now 6–8 per cent smaller than it would have been by 2025.” Given how economy analysts regular just throw darts to guess, I mean ‘predict’, economic growth, this means nothing.

    • sunbeam60@feddit.ukEnglish
      7·
      15 hours ago

      The method they’ve used is pretty sound, though.

      Are you saying the impact is unquantifiable?

      • bleistift2@sopuli.xyzEnglish
        32·
        15 hours ago

        I’m saying economic development is contributed to by so many factors that even 12-month predictions are often off by a few percent points. That, to me, makes 10-year predictions while assuming different circumstances completely untrustworthy.

    • testaccount372920@piefed.zipEnglish
      4·
      14 hours ago

      I’m not fully convinced by the article either, especially the GDP figure they show. A decline in investments and employment is pretty bad though, although they don’t compare those numbers to other countries :/

    • acockworkorange@mander.xyzEnglish
      1·
      16 hours ago

      Economy is more religion than science, I agree. Also the GDP is a terrible indicator for how well a society is doing.