Natixis - Is a no-deal Brexit in reality good news for the European Union?

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Natixis

Patrick Artus

Is a no-deal Brexit in reality good news for the European Union?

A no-deal Brexit would initially lead to a decline in trade between the United Kingdom and the EU, which would be very detrimental for the United Kingdom, and somewhat detrimental for the EU. But it would also gradually lead to a relocation to the European Union of manufacturing jobs that are currently located in the United Kingdom, serving customers in Europe or worldwide. These are mainly jobs in the automotive and aerospace industries, and a relocation of these jobs to the European continent, which would be far more significant than that of jobs in financial services, would eventually be positive for the EU in the event of a no-deal Brexit.

18/04/2019 4 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Patrick Artus

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Is a no-deal Brexit in reality good news for the European Union?

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

La BCE en pause estivale afin de garder « l’optionalité » de sa politique

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