THE BRITISH ECONOMIC SITUATION AFTER BREXIT TO THE YEAR 2023

Abstract

After Brexit and the global Covid 19 pandemic, Britain has been going through the most difficult time since the 2007-2008 world financial and monetary crisis. In 2019, Britain's GDP reached a low level before plummeting to double-digit negative growth in the most severe year of the pandemic in 2020. Although the economy improved in 2021 and 2022, compared to the "starting point" previous negative growth, the economy has basically not recovered to pre-pandemic levels. Within the scope of this article, the author focuses on researching the British economic situation in the post-Brexit period until 2023, identifying the causes leading to the serious recession of the British economy in recent years. The article also analyzes the direct and indirect impacts of the Brexit process and the Covid-19 pandemic on the current British economy, and makes forecasts about the prospects of the British economy in the near future.