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IPFS News Link • European Union

Brexit " UK Votes to Leave EU on January 31, 2020

• https://www.nextbigfuture.com by Brian Wang

They voted 358 to 234 – a majority of 124 – in favor of the EU (Withdrawal Agreement) Bill, which now goes on to further scrutiny in Parliament. The bill bans an extension of the transition period – during which the UK is out of the EU but follows many of its rules – past 2020.

The EU would shrink from $19.1 trillion in GDP to about $16 trillion. China would have $14.7 trillion in GDP (including Hong Kong and Macau). The US would have about $21.8 trillion in GDP in January 2020 (was $21.54 in Q3 2019) .

China's economy would be 91% of the remainder of the EU up from 77% of the EU. The EU would go from 89% of the US economy to about 73% of the US economy.


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