Skip navigation
An Assessment of the Economic Impact of Brexit on the EU27
Article

An Assessment of the Economic Impact of Brexit on the EU27

CEPS, 2017

auto-generated audio
auto-generated audio

Editorial Rating

8

Qualities

  • Analytical
  • Innovative

Recommendation

In this incisive analysis of Brexit consequences, researchers Michael Emerson, Matthias Busse, Mattia Di Salvo, Daniel Gros and Jacques Pelkmans at the Center for European Policy Studies find that the negative fallout may be much more pronounced for the United Kingdom than for the 27 members left in the European Union. Projected losses for the EU27 countries, expressed as a percentage of gross domestic product, are minimal, but Britain’s costs could be ten times as great. getAbstract recommends this scholarly, thorough and relevant study to those well-versed in the intricacies of EU economics and politics.

Take-Aways

  • Both the United Kingdom and the 27 remaining European Union countries will incur losses after Brexit.
  • But Britain will bear about 10 times the economic costs of the EU27.
  • Pre-Brexit foreign direct investment and trade in goods and services between the United Kingdom and the EU 27 are extensive, and the UK’s departure may well leave a €9 billion [$11 billion] gap in the EU’s budget.

About the Authors

Michael Emerson et al. are professionals with the Centre for European Policy Studies.


Comment on this summary or Start Discussion

  • Avatar
  • Avatar
    A. A. 7 years ago
    Losses in terms of percent of GDP seems insignificant; what does it mean in real terms?

    What is the relevance of NATO in this situation?

    What are the chances of additional countries leaving the EU27 and what is the relevance of 'EU minus UK' as an entity in the World Order?