The conclusion to Brexit has ushered in a period of geopolitical and socioeconomic uncertainty for the United Kingdom and the European Union. Both will have to reckon with new complexities, particularly in trade. While any number of scenarios is possible, ranging from a political breakdown to newfound excellence, economists Ilaria Maselli and Dana Peterson forecast a UK economy enfeebled not only by Brexit but also the coronavirus, with lackluster GDP enduring perhaps throughout the 2020s.
About the Authors
Ilaria Maselli is the senior economist for Europe at the Conference Board, where Dana Peterson serves as chief economist.