Audience member: Regarding Brexit, if they brexit without an arrangement, a deal so to speak, would that hurt the economy of the European Union more and maybe might that encourage the EU to be a little bit easier in the deal they make, because it would be worse for the EU economy if there is no deal.
I think that there are several factors at work. First, the downturn in 2001 itself exhibited some unusual features that have contributed to the patterns of economic growth this year. As I just noted, the recession was relatively mild.