Potential economic impacts of Brexit
The UK is now feeling the short-term ramifications of the Brexit vote and there is now uncertainty around when and how Article 50 will be triggered. Economists expect this uncertainty to dampen growth in the short term. The UK’s longer-term prospects depend heavily on the nature of the trade deals the UK will strike with the EU and the rest of the world. Nevertheless, the consensus is that the potential economic losses will ultimately outweigh any economic gains.
In this note, we summarise recent developments and the potential future impacts of Brexit.
Cambridge Econometrics applies its models and quantitative approaches to carry out in-depth and objective economic assessments. This includes UK analysis that accounts for the interdependencies in the modern global economy. This work also extends to individual sectors and geographic regions.
We will publish elements of this analysis on our website. If you are interested in the detail or want to discuss how we can provide you with specific economic analysis, please contact Chris Thoung.