国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

What Brexit would mean for Asia's economy

(Agencies) Updated: 2016-06-22 07:44

What Brexit would mean for Asia's economy

Photo taken on Jan 29, 2016 shows the UK and EU flags outside the European Commission headquarters in Brussels, Belgium. [Photo/Xinhua]

While a United Kingdom exit from the European Union would almost certainly cause turmoil in Europe, its effects on Asian economies including China, the region's largest, may be much more benign.

That's according to a note by London-based Capital Economics, which said a Brexit would cause at most a GDP drop of 0.2 percent across Asia.

The research company based its finding on a worst-case scenario estimate by the National Institute of Economic and Social Research, a London-based think tank, which said Brexit would reduce British imports by 25 percent worldwide within two years.

Exports to the UK presently account for only 0.7 percent of Asian countries' GDP, according to Daniel Martin, senior Asia economist at Capital Economics. "Even a 25 percent decline in UK imports would knock less than 0.2 percent off from regional GDP."

Only a few economies in Asia would see a noticeable effect on growth, Martin said. Examples include Cambodia and Vietnam, which have stronger trade ties with the UK.

Martin said that Brexit would have only a limited impact on emerging Asia, and the main risks to the region lie elsewhere.

In a separate paper, Capital Economics said the effects of Brexit would be equally subdued in the region's largest economy.

China's exports to the UK are equivalent to just 0.5 percent of Chinese GDP, Chang Liu and Julian Evans-Pritchard wrote in a note published on Friday.

"China is also well-placed to weather any post-Brexit selloff in financial markets," they said.

"Because China's capital account remains largely closed, the financial linkages between China and the rest of the world are fairly limited. Meanwhile, large foreign reserves mean the authorities could support the renminbi in the event that it came under renewed downward pressure."

Nevertheless, an array of Asian companies have made their preferences clear in favor of Britain remaining.

Eric Delomier, an investment specialist at Capital Group's Singapore office, said there would be geopolitical and trade implications for the region.

"The UK leaving the union would be seen overall negatively from a trading perspective by most Asian countries," he said.

Hot Topics

Editor's Picks
...
乌恰县| 兴宁市| 八宿县| 台北县| 汽车| 富蕴县| 都匀市| 南召县| 河津市| 镇安县| 徐闻县| 乌拉特前旗| 徐闻县| 黎城县| 甘洛县| 黄浦区| 鄯善县| 武宁县| 观塘区| 绥宁县| 积石山| 凤凰县| 无极县| 阳江市| 顺平县| 湘潭市| 阿瓦提县| 阳信县| 东城区| 弋阳县| 陵水| 淮北市| 洪雅县| 宜兰市| 松江区| 衡南县| 南木林县| 虎林市| 三明市| 武宣县| 武威市|