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Consider and explain how BREXIT without an agreement (i., reverting to WTO rules in order to continue trading with the EU), may affect both the EU...
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Question

Consider and explain how BREXIT without an agreement (i.e., reverting

to WTO rules in order to continue trading with the EU), may affect both the EU and the UK (be as specific as possible):

-Inflation rates (consumer prices) and costs of production
-The Balance of Trade and the value of the currency
-What the Monetary Authority (Central Banks) and Government (Fiscal Policy)
-may need to do in the short term.
-Country risk indicators (including both, political and financial risks) of the
-countries involved.

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