As we all are familiar with these days the most popular economies like the United States, China, India and the United Kingdom all are in the news and they are all the topics of discussion as the nation’s progress and the global economic slowdown poses a threat of possible recession heading our way worse than the one we had in 2009.
The United Kingdom has its own set of troubles that it is going through and has been the center of attention as it sees the Brexit issue rise and culminate into a deal that has the world hoping that it never happens. The Brexit issue has been costing the already fragile United Kingdom economy a lot since three years that was from the announcement of the Brexit in 2016. The Brexit deal is finally happening and the closer it gets the more lethal is looks to the economy of the nation. This new data has shed light that the already slowed down United Kingdom economy may further dip to a real bad 3.5 percent that would almost make the economy collapse and maybe even cost the economy near to a 100 billion dollar blow in trades and other economic activities. The transition that the United Kingdom will be seeing as they leave the European Union will be changing the way we see the economy and this is only going to get worse if there is no proper strategy in place to handle this.
As the United Kingdom leaves the European Union the world is getting tenser and this deal is having a huge effect on the global economy that is already in a slowdown.
Tags : Brexit ,