Swiss Economicblogs.org
The effects of the UK referendum continue to reverberate throughout the euro area. But the ECB stands ready to steady nerves, and we believe Brexit could bring some benefit to the euro area. As a result of the Brexit vote, our in-house model points to a net drag on euro area GDP of around 0.50% over the next three years through direct trade and financial linkages. This is similar to the ECB’s own forecast. In addition, we have lowered our euro area GDP forecast to 1.5% in 2016 (from 1.8%)...
Read More »There’s life in Europe after Brexit—an early assessment
