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Britain’s Economy is Not as Shaky as Recent Reports Claim
When Britain’s decision to leave the EU was announced, the Treasury and others were quick to predict the collapse of Britain’s economic performance. Those in favor of Brexit have been incredibly pleased with what is actually happening in the economy. Not only have the forecasts proved wrong, some are claiming that Brexit might actually help the economy for various reasons. For example, it has the potential to open up other opportunities.
Recent information on the state of Britain’s economy supports this, pointing out that the economy is not doing as poorly as some reports make it sound. Indicators and data point released in April and early May are responsible for the concerns over the UK economy; they were not only below expectations, some were truly shocking. The following are just a few of those data points:
- Q1 GDP Growth –