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Ifo research: How Brexit will affect other countries?

Ifo research: How Brexit will affect other countries? Brexit will impact Britain mostly and will hardly affect North America, the Middle East or the Russia-led Commonwealth of Independent States, a survey showed.

“Britain itself stands to suffer the most from the Brexit in economic terms, although other European Union countries – and especially Ireland – will also be negatively impacted.”

The latest research was conducted by German’s The Ifo Institute for Economic Research during July 1-27 with results being presented on Monday, August, 8.

A poll of 762 economic experts from 112 countries showed the short-term negative effects of Brexit were expected to hit the EU15 hardest.

Ifo research: How Brexit will affect other countries?


The term refers to Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and Britain.

"According to the experts, a Brexit will have the largest short-term negative impact on the EU15. In the medium term (in three to five years) Brexit is expected to have a dampening effect on the economies of all EU member states. The Commonwealth countries (excluding Britain) are expected to face slightly negative effects in both the short and the medium term," Ifo said in a statement.

Ifo research: How Brexit will affect other countries?


“The Brexit is hardly expected to have any impact on North America, the Middle East and the CIS states,” is mentioned in a statement.

For most industrialised and emerging economies there are hardly any differences in the slightly negative short to medium-term economic implications of a Brexit.
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