Romania’s Exposure to Brexit Is Limited and Manageable
The British vote in favor of leaving the European Union is a defining moment for the United Kingdom, for the EU project as a whole and for each individual European country. It could also be a critical juncture for the current international world order. The economic consequences will be serious enough for the United Kingdom and for the European economies: increased uncertainty and higher volatility in the financial markets, reduced capital flows, shrinking trade, less liberal markets and increased protectionism, all resulting in slower growth and eventually recession. More
