6 /10 Severity

Brexit Referendum Economic Shock

policy Jun 2016 → Dec 2020

GDP Impact

-1.0%

Countries Affected

30

Duration

54.258064516129 months

Recovery

- months

← Back to Events

Description

The UK voted to leave the European Union, causing immediate market turmoil and long-term economic uncertainty.

Causes

EU membership referendum, immigration concerns, sovereignty issues.

Consequences

Pound sterling fell 10%, prolonged uncertainty, trade barriers, reduced investment, labor shortages.

Quick Facts

Event Type
policy
Start Date
Jun 23, 2016
End Date
Dec 31, 2020
Peak Year
2016