Buiter Sees Period of Protracted Uncertainty for U.K.

The video discusses the uncertainty surrounding Brexit, highlighting the potential long-term economic impacts on the UK and EU. It explores the implications of the UK leaving the EU without a formal agreement, adopting WTO rules, and the resulting trade barriers. The concept of equilibrium is analyzed in the context of the UK's economic stability, considering factors like investment and labor supply. The video concludes with a discussion on the potential slowdown in GDP growth and sector-specific impacts in both the UK and EU.

What are the potential long-term effects of Brexit on the UK economy?

How might the negotiations surrounding Brexit affect trade between the UK and the EU?

What challenges could arise from the UK leaving the customs union and single market?

In what ways could the UK's potential output growth be adversely affected post-Brexit?

What are the implications of lower investment and foreign direct investment on the UK economy?