According to a study conducted by S&P Global Ratings, the UK losses after the Brexit referendum amounted to 6,600 million pounds sterling per month. If, following the results of the referendum in 2016, the country decided to remain in the European Union, then the British economy would be 3% more by the end of 2018. In 2018, its growth was the weakest since 2012, reaching 1.4%. The average growth rate on a quarterly basis, if the country had not left the EU, would have been 0.7%, not 0.43%. Official data showed that British GDP grew by 0.2% in the fourth quarter from the previous quarter. Its annual growth rate was 1.4%. The results of the referendum in 2016 led to a drop in pound sterling by about 18%. Agency experts also calculated that if the British had not voted for Brexit, inflation by the third quarter of 2017 would have been 1.8% higher.
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