Open Europe Releases Nonpartisan Economic Report on Brexit Debate

As co-CEO of IDI, Inc., Derek Dubner oversees the fulfillment of data-fusion solutions designed to enhance risk management, fraud prevention, and due diligence activities across a variety of sectors. A graduate of the Florida State University College of Law with an undergraduate degree in economics and finance, Derek Dubner maintains an active interest in the world’s financial markets and economic cycles.

The possibility of Britain’s exit from the European Union (EU) has recently generated widespread debate throughout the United Kingdom. Known as “Brexit,” a portmanteau combining “Britain” and “exit,” the controversial political move has garnered support from those who believe it would revitalize the nation’s culture and global identity, while detractors argue that it would cause significant harm to the UK economy.

Open Europe, an independent think tank providing news and analysis of European current events, has stated its dedication to covering the Brexit debate in a neutral and accurate manner. The organization recently released a comprehensive report offering detailed economic projections based on Britain’s hypothetical departure from the EU. The report concluded that, when considered alone, neither the decision to leave nor remain with the EU would guarantee economic failure or success. Instead, it noted the crucial role of subsequent political and economic policies in shaping the nation’s economic future.

Open Europe’s projections indicate that the UK GDP could fall by as much as 2.2 percent by 2030 if Britain exits the EU and favors protectionist trade policies. On the other hand, the UK’s 2030 GDP could be up to 1.6 percent higher if the nation’s leadership champions domestic deregulation and liberal global trade policies.