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Impact of Brexit On Other Economies of EU

The document summarizes the potential impacts of Brexit on various economies. It states that Brexit will negatively impact the remaining EU members through reduced exports, especially in automobiles and chemicals, which make up 70% of total EU exports to the UK. Brexit is also projected to significantly slow the UK economy, making it 6.2% smaller than if it remained in the EU, due to reduced business activity, a weaker pound, difficulties financing trade deficits, and uncertainty around 44% of UK exports that currently go to other EU states. Key industries like chemicals, automotive, financial services, and metals/steel are also expected to be negatively affected.

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Sumair Khatri
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37 views3 pages

Impact of Brexit On Other Economies of EU

The document summarizes the potential impacts of Brexit on various economies. It states that Brexit will negatively impact the remaining EU members through reduced exports, especially in automobiles and chemicals, which make up 70% of total EU exports to the UK. Brexit is also projected to significantly slow the UK economy, making it 6.2% smaller than if it remained in the EU, due to reduced business activity, a weaker pound, difficulties financing trade deficits, and uncertainty around 44% of UK exports that currently go to other EU states. Key industries like chemicals, automotive, financial services, and metals/steel are also expected to be negatively affected.

Uploaded by

Sumair Khatri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Impact of Brexit on other

Economies of EU
EU has trade surplus with UK with 3% of total exports, goods such
as automobile, chemicals constitute 70% of total exports. So Brexit
would have negative impact on Exports on remaining members of
EU.
FDI may also be a concern

Impact of Brexit on
Economy of UK

1.
2.
3.
4.
5.

Britain gets a financial contribution of 9.5Bn Sterling from EU. Due


to Brexit the economy of UK would be 6.2% smaller than it would
have been if UK would have stayed in EU.
Following are the main reasons for UK economic slowdown:
Business activity would be lower.
Depreciating Sterling with trade deficit
Capital accumulation for financing current account deficit would
be tough.
44% of Britians total exports were only to EU states. What will be
the fate of these exports?
3 Million Jobs are directly or indirectly linked to trade with the EU.

Affected Industries

Chemical, Oil and Gas Sector

Automotive Sector

Service sector (Insurance & Financial Services)

Metal/Steel Sector(Tata Steel)

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