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Prominent UK Economists Think Brexit to Have Negative Effect on GDP - Poll
Prominent UK Economists Think Brexit to Have Negative Effect on GDP - Poll
Sputnik International
Hundreds of economists, members the UK Royal Economic Society and the Society of Business Economists, think that Brexit would somehow negatively affect the... 29.05.2016, Sputnik International
2016-05-29T03:46+0000
2016-05-29T03:46+0000
2023-05-28T15:26+0000
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Prominent UK Economists Think Brexit to Have Negative Effect on GDP - Poll
03:46 GMT 29.05.2016 (Updated: 15:26 GMT 28.05.2023) Hundreds of economists, members the UK Royal Economic Society and the Society of Business Economists, think that Brexit would somehow negatively affect the United Kingdom's GDP, a new Ipsos MORI poll revealed.
MOSCOW (Sputnik) — Out of the 639 polled economists, 88 per cent think it is most likely that real GDP would be negatively impacted in the next 5 years, if the country leaves the European Union and the single market, the poll published Saturday said.
As many as 72 per cent of the polled think Brexit would have a negative impact on GDP over the next 10 to 20 years, comparing only to 11 percent of those who think that a positive impact on real GDP would be the most likely outcome.
A serious negative shock could be experienced by the British economy in case of the country leaving the European Union, 68 percent of the respondents assumed.
UK nationals are set to vote on June 23 in a referendum on the country's EU membership, after Prime Minister David Cameron and the leaders of the 27 EU member states agreed in February to grant the United Kingdom a special status within the bloc. The rival campaigns officially started in early April.
Earlier this year, rating agencies and major companies, for example, car manufacturer BMW, warned Britain about possible economic risks in case the country leaves the bloc.
