I've expressed my scepticism about the predictions of dire economic consequences resulting from the decision to leave the EU. It will be bad, but not catastrophic.
That does not mean that there are no risks of a major impact on the economy. Just that to see the risk we need to look elsewhere than the macroeconometric analyses that get attention. The problem lies more in industrial structure and the unpredictable consequences of adjustment.
I explain this in more detail on Left Foot Forward.
No comments:
Post a Comment