The impact of the brexit on the Great Britain economy
Motivation: In a referendum held on 23 June 2016, the British decided on Britain’s withdrawal from the European Union (EU). So far, only two countries have separated from EU structures, i.e. Greenland and Algeria. Brexit analysis will allow to explain the procedures and consequences associated with...
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Instytut Badań Gospodarczych
2018
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fttriple:oai:gotriple.eu:oai:bibliotekanauki.pl:449304 2023-05-15T16:30:15+02:00 The impact of the brexit on the Great Britain economy Wpływ brexitu na gospodarkę Wielkiej Brytanii Prus, Robert 2018-06-30 https://doi.org/10.24136/cxy.2018.007 https://bibliotekanauki.pl/articles/449304.pdf https://bibliotekanauki.pl/articles/449304 pl pol Instytut Badań Gospodarczych doi:10.24136/cxy.2018.007 https://bibliotekanauki.pl/articles/449304.pdf https://bibliotekanauki.pl/articles/449304 lic_creative-commons Catallaxy; 2018, 3, 1; 41-53 2544-090X scipo eco Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2018 fttriple https://doi.org/10.24136/cxy.2018.007 2023-01-22T18:51:58Z Motivation: In a referendum held on 23 June 2016, the British decided on Britain’s withdrawal from the European Union (EU). So far, only two countries have separated from EU structures, i.e. Greenland and Algeria. Brexit analysis will allow to explain the procedures and consequences associated with the occurrence of a given country from EU structures. In addition, leaving the group by a highly developed country with a strong position in the international arena, can cause not only political, but also economic consequences for the whole Europe. Aim: The aim of the article is to demonstrate the potential impact of brexit on particular macroeconomic variables reflecting the condition of the British economy. The analysis covered: the rate of economic growth measured by GDP, the inflation rate measured with the CPI (Consumer Price Index) index, the GBP/PLN exchange rate, migration processes, public finances, foreign direct investment (FDI) and the United Kingdom foreign trade. Materials and methods: The various sources and research methods were used in the article. The theoretical part is based on scientific articles and Internet sources. The empirical material is data published by ONS, OECD and the Official Portal of the European Union. The applied research methods include descriptive analysis and analysis of selected macroeconomic indicators. Results: The conducted analysis showed that brexit will undoubtedly have an impact on the condition of the UK economy, and the scale of the slowdown depends on the British government’s choice of a model defining the level of connections with the EU market. The effects of brexit can include slower GDP growth, higher inflation, GBP depreciation, reduced inflow of immigrants and outflow of FDI to other countries. Motywacja: W referendum przeprowadzonym 23 czerwca 2016 roku, Brytyjczycy zadecydowali o wystąpieniu Wielkiej Brytanii z Unii Europejskiej (UE). Dotychczas, tylko dwa państwa odłączyły się od struktur unijnych, tj. Grenlandia oraz Algieria. Analiza brexitu pozwoli na ... Article in Journal/Newspaper Greenland Unknown Greenland Catallaxy 3 1 41 53 |
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scipo eco Prus, Robert The impact of the brexit on the Great Britain economy |
topic_facet |
scipo eco |
description |
Motivation: In a referendum held on 23 June 2016, the British decided on Britain’s withdrawal from the European Union (EU). So far, only two countries have separated from EU structures, i.e. Greenland and Algeria. Brexit analysis will allow to explain the procedures and consequences associated with the occurrence of a given country from EU structures. In addition, leaving the group by a highly developed country with a strong position in the international arena, can cause not only political, but also economic consequences for the whole Europe. Aim: The aim of the article is to demonstrate the potential impact of brexit on particular macroeconomic variables reflecting the condition of the British economy. The analysis covered: the rate of economic growth measured by GDP, the inflation rate measured with the CPI (Consumer Price Index) index, the GBP/PLN exchange rate, migration processes, public finances, foreign direct investment (FDI) and the United Kingdom foreign trade. Materials and methods: The various sources and research methods were used in the article. The theoretical part is based on scientific articles and Internet sources. The empirical material is data published by ONS, OECD and the Official Portal of the European Union. The applied research methods include descriptive analysis and analysis of selected macroeconomic indicators. Results: The conducted analysis showed that brexit will undoubtedly have an impact on the condition of the UK economy, and the scale of the slowdown depends on the British government’s choice of a model defining the level of connections with the EU market. The effects of brexit can include slower GDP growth, higher inflation, GBP depreciation, reduced inflow of immigrants and outflow of FDI to other countries. Motywacja: W referendum przeprowadzonym 23 czerwca 2016 roku, Brytyjczycy zadecydowali o wystąpieniu Wielkiej Brytanii z Unii Europejskiej (UE). Dotychczas, tylko dwa państwa odłączyły się od struktur unijnych, tj. Grenlandia oraz Algieria. Analiza brexitu pozwoli na ... |
format |
Article in Journal/Newspaper |
author |
Prus, Robert |
author_facet |
Prus, Robert |
author_sort |
Prus, Robert |
title |
The impact of the brexit on the Great Britain economy |
title_short |
The impact of the brexit on the Great Britain economy |
title_full |
The impact of the brexit on the Great Britain economy |
title_fullStr |
The impact of the brexit on the Great Britain economy |
title_full_unstemmed |
The impact of the brexit on the Great Britain economy |
title_sort |
impact of the brexit on the great britain economy |
publisher |
Instytut Badań Gospodarczych |
publishDate |
2018 |
url |
https://doi.org/10.24136/cxy.2018.007 https://bibliotekanauki.pl/articles/449304.pdf https://bibliotekanauki.pl/articles/449304 |
geographic |
Greenland |
geographic_facet |
Greenland |
genre |
Greenland |
genre_facet |
Greenland |
op_source |
Catallaxy; 2018, 3, 1; 41-53 2544-090X |
op_relation |
doi:10.24136/cxy.2018.007 https://bibliotekanauki.pl/articles/449304.pdf https://bibliotekanauki.pl/articles/449304 |
op_rights |
lic_creative-commons |
op_doi |
https://doi.org/10.24136/cxy.2018.007 |
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Catallaxy |
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3 |
container_issue |
1 |
container_start_page |
41 |
op_container_end_page |
53 |
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1766019968581763072 |