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Macro

Axios Macro

The cost of Brexit, 10 years later

A line chart comparing the GDP index of the U.S. and the UK from Q1 2014 to Q1 2026, with both indexed to 100 in Q2 2016 (Brexit). The U.S. GDP index reaches 127, while the U.K. index is at 113. The chart shows a decline in both indexes in 2020, with the U.S. recovering more quickly.

U.S. and UK indexed GDP

Data: Factset; Chart: Danielle Alberti/Axios

Britain's lost decade

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