Ahead of the Brexit vote, the great transnational institutions that have come to, if not govern, then certainly guide the post-World War Two order were all out talking apocalypse.
Britain will ''almost certainly'' be worse off post-Brexit, said the Institute for Fiscal Studies, the National Institute of Economic and Social Research, and the Centre for Economic Performance in a joint statement.
''A dark star, whose name is Wormwood, will fall to the rivers making the water bitter,'' said another institution whose exact name and acronym we can't recall.
In any sense, the official line was Brexit=bad. But in the wake of the vote, it would appear that markets have been able to sustain the impact and are generally keeping calm and carrying on. Did the UK, financial reporters began to wonder in hushed terms, get away with it?
This article was published online by Trading Floor on July 20, 2016
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Related publications
June 20, 2016
CEP, NIESR and IFS blog
Leaving the EU would almost certainly damage our economic prospects
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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