Our figure of the month 07/2016: The BREXIT case – what does it mean for Germany?
Great Britain’s decision to leave the European Union is currently causing huge political excitement. The consequences, however, will also be felt in the national economy of Britain itself as well as among its trade partners/ nations. Assuming that the reactions observed so far persist, including the uncertainty about the way Britain will exit the EU and investments being held back, Great Britain might face a serious economic crisis.
Subsequent economic effects on its trade partners/ nations will be unavoidable. Since Britain is a very important trade partner for Germany, German exports might decline accordingly. Still, the total effect of the Brexit case on German exports is rather moderate, especially compared with the negative consequences other countries might face.
Other figures can be found here.
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New videos on the CRED project: How can climate risks and climate adaptation be integrated into macroeconomic modelling?
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has published two informative videos about the CRED project. In addition to insights into the management of climate risks…
Virtual training: Using macroeconomic models to assess the impacts of climate change and adaptation on national economies.
This training is offered to share experience from the CRED programme in piloting the development and application of such models in Georgia, Kazakhstan and Vietnam. The CRED programme developed…