A study has shown that Germany stands to lose the greatest number of jobs if Britain exits the EU without a deal. Some of the country’s well-known auto and tech hubs are likely to be the worst hit.
A hard Brexit could cost more than 100,000 jobs in Germany, the Welt am Sonntag newspaper reported on Sunday, citing a study by the Leibniz Institute for Economic Research Halle (IWH) and the Martin Luther University Halle-Wittenberg.
The study, which looks at the effect of a hard Brexit down to individual districts and cities, showed that some of Germany’s well-known auto and technology hubs could face the maximum brunt.
“In no other country is the effect on total employment as great as in Germany,” Oliver Holtemöller, one of the authors of the study,