Brexit slams German jobs
A hard Brexit could impact more than 100,000 jobs in Germany, says a new study. And the country's automotive and technology hubs are likely to be hit the hardest, according to the report from the Leibniz Institute for Economic Research Halle and the Martin Luther University Halle-Wittenberg.
The researchers’ forecasts are based on UK imports from the EU declining 25% following a hard Brexit.
Germany will bear the brunt of a no-deal Brexit in the EU where close to 180,000 jobs are at risk. Some 50,000 French jobs are in peril in the region.
China will also be hit as Chinese companies will see fewer orders from companies exporting to the UK – researchers reckon 59,000 jobs are at risk.