The EU will lose from Brexit $66 billion.
By the end of 2018 Euro-zone countries will miss almost 0.6% of GDP growth due to the effects of the referendum on the British exit from the EU. This is evidenced by a survey of economists conducted by the American Agency Bloomberg.
Based on calculations of analysts have taken the recent projections of the ECB, which the regulator announced in early June, even before the decision of the British to withdraw from the European Union. Despite the fact that the exit process will last at least two years and has not even started, the negative impact of the referendum on the economy is felt even today.
In the end, estimated by experts, the GDP of 19 countries of the Eurozone in the current year will be 1.5% instead of 1.6%; in 2017 will slow to 1.4% (against the planned 1.7 percent), and by the end of 2018 will amount to 1.55% (again expected by the regulator to 1.7%).
Its new forecast, the European regulator will publish in September. However, last week the ECB President Mario Draghi, speaking at a meeting of the European Council, admitted that a British exit from the EU and the associated complex and unpredictable process of negotiations will cost the Eurozone economy of 0.3–0.5% of GDP.
Version of Bloomberg, this figure for three consecutive years to 2018, inclusive, will be not less than 0.55%. Using data from the statistical Agency Eurostat on GDP in European countries, the Agency concludes that these 0,55% lost growth in real terms will be at least $66 billion.
Against this background, already 80% of the respondents economists believe that “quantitative easing” (QE), the ECB will not just preserved, but expanded. Now the European regulator buys securities in the scale of €80 billion per month, “injecting” money into the economy. The last time the QE program was expanded in early March, before that it was €60 billion per month.
