How UK Exit from EU Influence UK’s Economy
Authors
Xinyu Hu1, *, Yangziqian Guo2
1Warwick International Foundation Programme (IFP), The University of Warwick, Coventry, CV4 7AL, UK,
2Greater Atlanta Christian School, Norcross, GA 30093, USA.
*Corresponding author. Email: Brady09064427@sina.com
Corresponding Author
Xinyu Hu
Available Online 26 March 2022.
- DOI
- 10.2991/aebmr.k.220307.340How to use a DOI?
- Keywords
- Brexit; UK Economy; Inflation
- Abstract
After the UK officially leaves the European Union in 2021, some regulations have come into force, which has greatly impacted the UK economy. This study adopts a quantitative research method from six aspects: import, export, exchange rate, GDP, inflation, and unemployment rate. Conducted comparative analysis of the impact of Brexit on the British economy. The conclusion is that Brexit has brought different degrees of negative effects on the six levels of the British economy. In the short term, the UK’s imports and exports decreased, the currency depreciated, the GDP declined, and the unemployment rate increased.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Xinyu Hu AU - Yangziqian Guo PY - 2022 DA - 2022/03/26 TI - How UK Exit from EU Influence UK’s Economy BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 2070 EP - 2077 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.340 DO - 10.2991/aebmr.k.220307.340 ID - Hu2022 ER -