BREXIT RESULTS: MACROECONOMIC RISKS

Pavel Trunin, Eugene Goryunov and Anna Kiyutsevskaya

Russian Economic Development, 2016, issue 7, 51-53

Abstract: The United Kingdom’s poten al exit from the EU poses a number of macroeconomic risks. Considering the overall growth of uncertainty, the recession in the UK cannot be ruled out. The decline in capital inflows to the UK economy can be predicted, which could pose a threat to the stability of the balance of payments and the exchange rate of the British Pound. Obviously, the exchange of goods and services between the UK and the EU will suffer, as well as labour mobility and the British labour market. According to various estimates, Britain can lose up to 5% of GDP as a result of capital outflows and shrinking interna onal trade.

Keywords: INFLATION AND MONETARY POLICY; Russian Economy (search for similar items in EconPapers)
JEL-codes: E31 E43 E51 (search for similar items in EconPapers)
Date: 2016
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