Post-Brexit Britain Feels Isolation in Global Downturn

In 2017, Adam Posen from the Peterson Institute for International Economics warned that Brexit would leave the UK more exposed to shocks, with a more closed economy, less access to markets and added friction with its largest trading partners.

“You are ruining your competitiveness specifically with your largest trading partner,” Posen, a former policy maker with the Bank of England, said almost a year after the British electorate voted to leave the European Union.