Brexit: situation and economic consequences

Autor: Buesa Olavarrieta, Alejandro, García Esteban, Coral, Kataryniuk, Iván, Martín Machuca, César, Moreno Sánchez, Susana, Roth, Moritz Alexander
Rok vydání: 2020
Předmět:
Zdroj: Repositorio Institucional del Banco de España
Banco de España
Popis: Artículo de revista The effective departure of the United Kingdom (UK) from the European Union (EU) opens up a new period of relations between the two areas. The current health crisis limits economic policies’ room for manoeuvre to accommodate the costs of transitioning to a new economic relationship, whatever final form it may take. This article describes the most recent developments in the negotiation process and outlines three possible scenarios for the future EU-UK trading relationship, providing simulations of the potential macroeconomic impact in each case. Moreover, the recent trend in trading and financial relations between the United Kingdom and Spain is set out in a box.
Databáze: OpenAIRE