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February 12, 2019

Economists: Hard Brexit would hit Germany hard

By DAVID McHUGH
AP Business Writer

A no-deal Brexit could affect more than 100,000 jobs in Germany, and regions of the country with Volkswagen and BMW factories would be among those worst hit, according to economists at a prominent nonprofit institute.

The economists from the Halle Institute for Economic Research said Monday they modeled what would happen if imports to Britain from the remaining European Union countries fell 25 percent due to the absence of a negotiated trade agreement when Britain leaves the EU.


 
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