Re:UK faces worst downturn of any advanced economy, OECD says
by midoridensha on Wednesday November 23, 2022 @01:29AM
(#33715908)
>Let's say Brexit leaves GDP 2% lower than it currently is by the end of 2023. Now to grow 22% in 9 years (i.e. get back to even), they need 2.4% annual growth
Why do they need to get back to even? Why is this assumed to be a realistic goal in the first place? This seems to assume the rest of the EU is going to be just fine.
The only things that matter are if the UK will do better or worse than it would have if Brexit hadn't happened, and how they'll do compared to the EU.
Before, Brexit looked pretty stupid, and the rest of the EU looked like they were in a much better position. This is no longer true; maybe the Brexiteers will turn out to have been correct after all. Only time will tell.
Why do they need to get back to even? Why is this assumed to be a realistic goal in the first place? This seems to assume the rest of the EU is going to be just fine.
The only things that matter are if the UK will do better or worse than it would have if Brexit hadn't happened, and how they'll do compared to the EU.
Before, Brexit looked pretty stupid, and the rest of the EU looked like they were in a much better position. This is no longer true; maybe the Brexiteers will turn out to have been correct after all. Only time will tell.