If the ‘leave’ camp wins the UK referendum on June 23, the EU will become smaller and weaker both in economic and geopolitical terms. The EU share of the world population will fall from 7.0 to 6.1 percent. In terms of world GDP, in purchasing power parity terms the EU share will decrease from 17.0 to 14.6 percent, and in current international dollars from 23.8 to 20.0 percent. The EU share in global exports of goods and services at current prices and exchange rates will fall from 33.9 to 30.3 percent (Table 1). The EU’s share in the... READ MORE
