A no-deal Brexit could have a negative impact on the key manufacturing economies of central and eastern Europe (CEE), according to UniCredit’s regional division head.
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Carlo Vivaldi, |
Carlo Vivaldi lists Britain crashing out of the EU as one of the main external risks to the region’s economies during the coming year, along with slowing growth in core Europe, potential additional sanctions on Russia and global trade wars.
“The countries that could be most affected by a disorderly Brexit are those that are closely tied into German manufacturing chains – Czech Republic, Slovakia and Hungary,” he says.
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