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2017-12-15 — economicoutlook.net
As time passes, it becomes clearer that the June 2016 British Referendum decision to leave the EU has not had the disastrous impacts predicted. I know people will still say that we have to wait until the full effects are observed. Fair enough. But the disaster scenarios that more or less predicted immediate collapses have clearly been wrong.
Obviously there is some shocks going on as people anticipate Brexit. Australia went through that when Britain went into the EEC. But those shocks are likely to be temporary and, as is already happening, Britain is reorienting itself to the wider world away from Europe. Australia did that [in the 1960s] pretty quickly.
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