On the eve of Brexit, UK economy appears quite strong


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The likelihood of a vote in favor of the United Kingdom (UK)’s exit from the European Union (EU) was expected as an obvious disaster for 99% of economists, analysts and bankers. In June 2016, the UK did vote for the Brexit, launching a complex unprecedented process of tough talks and false starts.

Nine months later, the very process of the Brexit is just about to start with British Prime Minister Theresa May having obtained the greenlight from the Parliament. Many of those who predicted a Brexit’s win would immediately send the UK economy to the ground – and were wrong – are now arguing that the disaster didn’t happen because the Brexit hasn’t been formally launched yet.

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