# In a live interview, Professor Michael Spence discusses the outlook for the post-Brexit U.K. economy

1 Faculty News October 15, 2019 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/videos/2019-10-15/nobel-laureate-spence-post-brexit-u-k-economy-isn-t-all-doom-video) -- "'For the U.K. in particular, the question is the status of its enormously influential and powerful financial system globally. It's possible for Brexit to deliver a short-term hit, and then the U.K. develops a rather important but somewhat different place in the global economy. I wouldn't necessarily be pessimistic about the longer-term, as opposed to the adjustment period.'"

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