Publication: Brexit and Its Economic Implications for the European Union
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Type
Thesis
Degree
BA
Date
2025
Authors
Journal Title
Journal ISSN
Volume Title
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Published Version
Abstract
Brexit represents one of the biggest changes in the history of the modern economy
of the European Union and it has raised many concerns on how this will impact
the EU. This research paper aims to explore whether the predictions made before
Brexit on how it would impact the EUs economy have been accurate. My main
question to conduct this research is What are the main economic implications of
Brexit for the European Union. The research was conducted by analysing existing
literature, economic forecasts and post-Brexit data in order to successfully carry
out the comparison. The resources used have been extracted from official sources
such as the European Commission, European Central Bank, International
Monetary Fund and others combined with previous research studies conducted by
specialists. Findings suggest that Brexit has led to economic disruptions. EU
countries have experienced increased costs when trading with the UK and
disruptions in supply chains. Member states have not been affected equally, some
have highly benefited from the shift in FDI and relocation of services and others
have been subject to loss of household income due to the end of free movement of
people.