Atradius identifies the most vulnerable countries and sectors in Europe to Brexit. The impact will be most acute in Ireland, Netherlands, and Belgium.
- A 52% majority of Britons voted in favour of leaving the EU; Prime Minister Cameron has announced his resignation.
- The Brexit decision will have moderate effects on the EU in the short-term through uncertainty in investment and trade, as well as in the long-term primarily through trade.
- Insolvencies may rise in the short term, especially in Ireland, the Netherlands and Belgium, due to close trade and investment ties. The remaining European countries would see little impact.
- Corporates operating in the transport equipment, food, textiles, electrical equipment and chemicals sectors are most exposed due to trade linkages.