Brexit Uncertainty Could Pull Down U.K. Industrial Production 2.5%: GS

Though the magnitude of the uncertainty that Brexit would trigger is hard to anticipate, by using a model based on historical benchmarks, analysts at Goldman Sachs predict that U.K. industrial production could fall by up to 2.5% over a two-year period. Huw Pill and team point out in their March 10 report titled “Brexit: Flows, stocks and the cascading effects of uncertainty” that the U.K. has been the major recipient of inward FDI among major EU economies. Brexit uncertainty: EU absorbs half of U.K.’s exports Pill and his team highlight that the U.K.’s economic relationship with the rest of the European Union…