By the end of 2022, the UK may lose about 40 billion pounds as a result of Brexit, which is significantly more than the losses for the EU economy.
This is reported by SPIEGEL with reference to the published forecast of the European Commission.
According to estimates, for the countries of the bloc, Britain’s exit from the EU will lead to a loss of about 0.5% of GDP compared to if the United Kingdom remained in the European Union.
At the same time, Britain may lose about 2.25% of GDP by the end of 2022, which is about 40 billion pounds.
The calculations are based on a statistical model that used data from the Organization for Economic Cooperation and Development.
Losses could be even greater in the case of a “hard” Brexit-without a new trade agreement, negotiations on which lasted almost until the last moment.
As previously reported, in the first month after Brexit, exports from Britain to the EU collapsed by 68%.