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The Netherlands is one of the countries that will be hit the hardest if Britain takes action without the agreements of the European Union. Such a break can cost our country 0.7% of national income. Only Ireland is hit harder by an expected fall of 4%.
Great Britain itself will also record a loss of 4%, calculated the IMF (.pdf). This is the first time since the British have opted for a Brexit that the IMF publishes a cost estimate.
Countries like Belgium and Denmark, which trade a lot with Great Britain, will be hard hit by a hard blow. . In total, the EU is expected to absorb an economic loss of 1.5%, or more than 200 billion euros.
"Because the UK is so closely tied to the countries of the eurozone, there will be no brexit winners," warns an IMF spokesman. "We are worried, the process is progressing far enough and we still do not see clarity on the future relationship." Some major deadlines are approaching. "
Disagreement
The EU and Great Britain must reach agreements next March on the Brexit, and if this does not happen, the Model Agreements for International Trade will apply. The problem with the negotiations is that the British Prime Minister may not agree within his own cabinet on what the alternative should be.
May lost two ministers last Monday because they disagree with his attitude Brexit Davis' minister feared that May is leading an agreement that will not leave the European customs union and the common market.That does not go far enough.
According to the IMF, such a Brexit, comparable to the current status of Norway, will result in a negligible economic loss.If a trade agreement is concluded between the EU and the UK, according to the IMF, a break will cost 0.8% of European GDP.
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