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Does The Stress Test Account For The Impact Of The Outcome Of The Referendum In The United Kingdom On Eu Membership? |
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Answer» The adverse scenario is SIGNIFICANTLY harsher than analysts’ forecasts of the negative impact of Brexit on the economy. Although no singular event such as Brexit is ASSUMED, the PROJECTIONS for the gross domestic product (GDP) of the EURO area under the adverse scenario are more severe for every year of the stress test horizon than the negative effect on GDP growth foreseen by analysts as a RESULT of Brexit. The adverse scenario is significantly harsher than analysts’ forecasts of the negative impact of Brexit on the economy. Although no singular event such as Brexit is assumed, the projections for the gross domestic product (GDP) of the euro area under the adverse scenario are more severe for every year of the stress test horizon than the negative effect on GDP growth foreseen by analysts as a result of Brexit. |
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