Brexit: probability of a disorderly exit has increased and the entire European economy will suffer
Yesterday, the British House of Commons voted against again to abolish the British EU membership agreement, so MEPs can decide on an unsettled exit.
According to the Brexit analysis of the Atradius credit insurance, the economy of all the Member States of the European Union can be discouraged by the exit. According to the study, in the case of hard brexit, bankruptcy in the island could be 14 percent higher this year than last year. The 4 percent increase in inflation will primarily affect the British retail and catering industry, while trade restrictions mainly affect the manufacturing industry, the chemical industry and the textile industry. Among the EU Member States, most bankruptcies are expected in Ireland, the Netherlands, Belgium and Denmark.
Related news
Euro zone inflation was 2.4 percent in April as well after March
In line with analysts’ expectations, annual inflation in the euro…
Read more >GKI article in the EU: 20 years of change
Are we falling behind the Visegrád countries, or are we…
Read more >Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the…
Read more >Related news
MPL – We don’t mind that it’s available, but we don’t necessarily choose it
As of March 28, 2024, online stores are obliged to…
Read more >The Hungarian beer market focuses on alcohol-free beers and the premium category
The Hungarian beer market is witnessing significant shifts, with non-alcoholic…
Read more >In April, the economic performance of the euro area expanded at the fastest rate in almost a year
In April, the economic performance of the euro zone expanded…
Read more >