It was clear from the start that the UK’s exit from the EU would impact both sides’ economies, but the UK would have a tougher time
According to the European Commission, Britain will lose 2.25% of its gross domestic product by the end of 2022. The EU will lose just 0.5% of GDP over the same period.
“While a free trade agreement improves the situation compared to the outcome without an EU-UK trade agreement, it cannot come close to matching the benefits of the trade relationship provided by EU membership”, – the EC report said.
The forecast was made against the backdrop of British companies facing problems at the border due to the introduction of new customs rules.Prosecution in Trump’s impeachment case has finished stating its position