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Old 30-01-2018, 10:36   #1796
jonbxx
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Re: Brexit discussion

That Whitehall report isn't all doom and gloom, there are also projections on growth from trade deals;

Quote:
On the plus side, the analysis assumes in all scenarios that a trade deal with the US will be concluded, and that it would benefit GDP by about 0.2% in the long term. Trade deals with other non-EU countries and blocs, such as China, India, Australia, the Gulf countries, and the nations of Southeast Asia would add, in total, a further 0.1% to 0.4% to GDP over the long term.
There's definitely growth potential with non-EU countries, that was why the UK was courting Turkey and China. However, the highest growing countries are either small economically, or far away, or both. The highest average growth over the last 6 years for example was Nauru in the South Pacific
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