The valued opinion of real estate guru and leading entrepreneur Eitan Eldar on “The Centre for Economic and Business Research” data. Mr. Elder also submits his opinion on the future of the economy in England post Brexit.
The Roaring Twenties
All indications are that Brexit Britain is facing a bright future. Predictions are that for the next ten years it will be the powerhouse in economies and a world leader within this context. The reason given for this is because of the strength of the UK finances, and the manufacturing and services of Brexit Britain are stable and solid. All of these factors are setting the country in a near the top position in the international economic league and it is going to be on par to dwarf the economy of France.
The Prime Minister has every reason to look forward to being the leader of a nation whose economy is being nicknamed as the “Roaring Twenties.” This is solidified with the undertaking of a massive trade deal with America.
“The British economy has continued to be strong in spite of the uncertainty about Brexit, during the past few years, and London is still a global financial center”, Says Eitan Eldar, “I expect post-Brexit British economy will do even better, especially if trade deals are signed with the United States and within Europe”.
The Centre for Economic and Business Research has released its latest revised data. What this indicates is that the French economy was unsuccessful in overtaking the UK economy from 2016 to 2019. This was in spite of the Brexit uncertainties.
Projections are that by 2034 that the British economy will be larger than the French economy by one quarter. Specific details concerning this can be found in the most recent update of CEBRs latest release of the WELT ( The annual World Economic League Table).
The Table Reveals the following standings:
The positive picture for the UK outside of the EU is based on the happenings that are going to take place in the near future.
Prime Minister Johnson will be meeting with President Trump of the US very soon. It is anticipated during this meeting that the two leaders will solidify a very lucrative trade deal. This is expected to be a multi-trillion trade deal with the USA, which should fall into place after the exit of Britain from the EU on January 31, 2020.
It is believed that other trade deals will surface with Australia, Japan, and Norway and perhaps others once Britain has become free from the restrictions of Brussels.
“The new trade deals, planned to happen post-Brexit, are what will help the British economy flourish during the next decade,” says Eitan Eldar. “Once the UK is out of the EU “clutches”, the sky’s the limit.”.
Additional information available in the very credible CEBR shows the “decisive election result.” It also emphasizes the need for the government to “sort out the country’s future trading relationships.” The report also makes note that even though Brexit was in a deadlock, the economy enjoyed growth throughout 2019.
Leave a Reply