Economists and political analysts have debated over the long-term effects of the vote on the future of the British economy. Prior to the referendum many warned that Brexit could have dire consequences for Britain, including losing access to European markets, which account for 48% of British exports, eventually leading to a drop in exports and ultimately, a recession. Many have discussed the economic turmoil and have suggested that investments would drop due to uncertainty.
Leading up to the referendum, the Center for Economic Performance at the London School of Economics put out a research brief suggesting that exiting the EU would cause the British economy to suffer. The New York Times argued that the Brexit would make Britain poorer and Britain would become less productive. Others predicted a financial crisis.
This article was published online by the World Politics Journal on June 30, 2016
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Related publications
See the complete set of CEP Brexit Analysis research papers here
Related links
Swati Dhingra webpage
Holger Breinlich webpage
Hanwei Huang webpage
Gianmarco Ottaviano webpage
Thomas Sampson webpage
John Van Reenen webpage
Trade Programme webpage
Growth Programme webpage
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