Atradius has published an article in which its Senior Advisor, Silvia Ungaro, notes that, although it would have been a tumultuous five years even without Brexit, Brexit appears to have compounded recent challenges, with one analysis revealing a £140 billion shortfall in the UK economy, as a direct result of leaving the EU. “The trade picture remains grim for the UK five years after leaving the EU”, commented Dana Bodnar, Economist at Atradius. Atradius advises that the UK’s total trade in goods stands at 88% of its pre-Brexit level, and UK goods exports at just 82%. By contrast, EU trade volumes have rebounded and are now on a par with levels seen in January 2020. The article adds that, even if the UK’s growth outlook for 2025 looks brighter than that of other major European economies, it remains below its 2% average annual rate prior to Brexit and the trade outlook, in particular, remains highly uncertain. To read Atradius’ article, go to https://group.atradius.com/knowledge-and-research/news/five-years-after-brexit-was-it-worth-it.