Munich based Ifo Institue’s Center for Economic Studies has published results of a survey about the impact of the Brexit on almost all the countries of the world, yesterday, August 8, 2016. The results have been made easy to understand with the two illustrations below.
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 Brexit is hardly expected to have any impact on North America, the Middle East and the CIS states. These are the results of a special question featured in the Ifo World Economic Survey (WES) of 762 experts from 112 countries conducted over the period of 1 July 2016 to 27 July 2016.
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.
For most industrialised and emerging economies there are hardly any differences in the slightly negative short to medium-term economic implications of a Brexit. For the least developed economies there are worries regarding the mid-term; and sentiment is more negative about the effects over the next three to five years than it is about this year.