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Brexit and Its Consequences for Austria

Published: July 1, 2016; 18:00 · (Vindobona)

Like any other economy within the euro area, Austria will also be confronted with challenges following the Brexit vote, according to the latest analysis by RBI Research analysts. However, the economic momentum should not experience any noticeable weakening, even though one should expect considerable declines in exports to the United Kingdom.

Brexit and Its Consequences for Austria / Picture: © www.crossed-flag-pins.com

23 June 2016 has started a turn of the eras in the European Union. On this day, British bookmakers and financial markets were both equally surprised. The decision of Britons came down heavily and triggered considerable price movements with currencies, on the equity markets and risk premia on bonds. The Brexit is an unprecedented event and its consequences are therefore difficult to…

This article includes a total of 423 words.

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