by Ahmed Adel, Cairo-based geopolitics and political economy researcher The United Kingdom paid a high price for Brexit, which spurred inflation, reduced the size of its economy, and compromised the country’s investment capacity, Bloomberg reported on February 12, citing economists at Goldman Sachs. Yet, despite Britain’s economic suffering, the media are demanding a greater financial commitment to support Ukraine’s war on Russia. Leaving the European Union reduced the UK’s GDP by around 5% compared to the performance of its economic peers, according to Goldman Sachs’ chief European economist, Sven Jari Stehn. He noted that seven years after the referendum campaign, the UK has ended up with an underperforming […]
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