The Central Bank of Spain has published a report that assesses the implications for the country’s economy in the case of the implementation of the UK hard-line exit scenario from the European Union.
“Losses from a possible exit of Great Britain from the EU can turn out to be very significant for the Spanish economy … Thus, the country’s GDP will decrease by 0.5% in 5 years, if it is ordered, and by 0.8%, if it is disordered… and the unemployment rate will increase by 0.8% “, – the bank says.