Brexit: Was kommt auf die deutschen Unternehmen zu?

At present, it is difficult for German companies to foresee future trading conditions with the UK after the withdrawal from the EU. This IW report attempts an initial assessment in order to reduce planning uncertainty. Firstly, the focus is on the short-term effects of Brexit. Due to the devaluation of the British pound against the euro by more than 10 per cent after the Brexit referendum in June 2016, German merchandise exports to the UK plummeted, especially in the second half of 2016. Since exports have largely stabilised since then, the bulk of negative exchange rate effects seems to have been overcome...