Economics
Brexit to Hit Jobs, Wealth and Output for Years to Come, Economists Say
- Forecasters are anticipating a drawn-out impact on output
- Economy faces multitude of potential outcomes with the EU
What Brexit Means For the Future of British Trade
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The U.K. economy may be paying for Brexit for a long time to come.
The strength of the expansion since the vote to leave the European Union hasn’t allayed concern about how the decision will filter through the economy over the coming years. It won’t mean Armageddon, but the broad consensus among economists -- whose predictions about the initial fallout were largely too pessimistic -- is for a prolonged effect that will ultimately diminish output, jobs and wealth to some degree.