OECD warns Brexit: “Economic shock” – Swedish Dagbladet

Union Jack fluttering outside Parliament. Photo: Peter Cavanagh / Alamy

It would be a big negative shock to the British economy, which is expected to shrink by 3 percent by 2020 if the British decide to leave the EU, warns OECD.

For other EU countries, it would also mean a setback of about 1 percent of GDP, believe the OECD economists.

the capital outflows and reduced investments following a withdrawal would could also lead to problems for Britain to finance the large current account deficit of around 7 percent of GDP.

the referendum on British membership of the EU will take place on June 23 and in the polls, it is smooth, with a marginally lead the campaign to stay in the EU.