The economic impact of Brexit: Straws in the wind

Posted: July 14, 2016 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

Maytime

Fly Title: 

The economic impact of Brexit

Main image: 

20160716_brp002.jpg

Rubric: 

Forget the financial markets. Evidence is mounting that the real economy is suffering from Brexit

BEFORE the referendum, economists were in near-unanimous agreement that a vote to Leave would hit the economy. And as predicted, the past three weeks have been torrid. The pound has fallen by one-tenth against the dollar; the FTSE 250, an index of domestically focused firms, is down. Alongside the now-familiar turmoil in financial markets, there is growing evidence that the real economy is slowing.
It is not easy to assess the economic impact of Brexit, because official data are published with a long lag. The first official estimate of GDP growth in the third quarter will not come out until late October.

But there is a smorgasbord of other indicators of economic activity—in particular, data “scraped” from the internet—which occur at a higher frequency than official …

via Economic Crisis http://ift.tt/29Ay3rU

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s