The potential macroeconomic impact of Brexit We now know Article 50 will be triggered next week. Although the short-term risks of Brexit were overestimated by some, it is important that we do not underestimate the risks over the medium and longer term.
Estimates of the potential long term economic cost of a UK departure from the EU range from a relatively limited impact (with an orderly departure and a reasonable transition period) to the potentially very damaging prospects of a so called ‘hard Brexit’.