An Assessment of the Economic Impact of Brexit on the EU27. 22 March 2017

Emerson, Michael and Busse, Mathias and Di Salvo, Mattia and Gros, Daniel. and Pelkmans, Jacques. (2017) An Assessment of the Economic Impact of Brexit on the EU27. 22 March 2017. UNSPECIFIED.

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Abstract

This paper, managed by the Policy Department on Economic and Scientific Policies for the Committee on Internal Market and Consumer Protection, assesses the likely impact of Brexit on EU27, together with some scenarios for the terms of the UK’s secession. For the EU 27, the losses are found to be virtually insignificant, and hardly noticed in the aggregate. By contrast, for the UK, the losses could be highly significant, over ten times greater as a share of GDP. Impacts on various Member States – in particular Ireland – and sectors in the EU27 could be more pronounced.

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