International
17:35 22 October 2019
Post by: WBJ

PIE: Hard Brexit may lower Poland's GDP by 0.24%

PIE: Hard Brexit may lower Poland's GDP by 0.24%
source: Pixabay

Hard Brexit may reduce Poland's GDP by 0.24% as a result of a decrease in exports, and in the case of Brexit with a contract, it will reduce GDP by 0.14%, according to calculations published in the Economic Weekly of the Polish Economic Institute (PIE).

“Regardless of the variant, Poland will be among the EU countries most heavily affected by Brexit. It is particularly important for the Polish agri-food sector, where lower trade turnover caused by Brexit with the contract may reduce the added value by about PLN 0.3 billion and result in a decrease in the number of places jobs by almost 5,000. These figures will amount to PLN 0.5 billion and over 8,000 jobs in the Brexit scenario without a contract, respectively,” Jakub Sawulski, PIE macroeconomics team manager, estimates.

(ISBnews


poland
brexit
pie
exports
jakub sawulski

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