What’s left of the Brexit shock? – Commerzbank

Research Team at Commerzbank, suggests that many economists have sharply lowered their forecasts for Germany and the euro zone after the British vote to leave the EU.

Key Quotes

“But there is scant evidence so far of the wider uncertainty shock that has frequently been mentioned. Of course, weaker economic growth in the UK as an important trading partner will be felt in Germany and across the euro zone but the effect is likely to be much weaker than many forecasts presently assume.”