Global Economics

UK political chaos not a big threat to global economy

Global Economics Update
Written by Capital Economics Economist

To the outside world, it looks as though the UK is descending into chaos over Brexit. But while it is true that the UK political situation is in meltdown, its economy is holding up reasonably well. And while the UK would suffer some short-term economic disruption if it ended up leaving the EU without a deal, the threat to the rest of the world from this remains small.