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18 - 24 June
2016
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From
the CEO OF EMIS
Inevitably, early reaction to the UK’s decision to leave the European Union has focused on the reaction of the financial markets and the ensuing political upheaval in the country. From a European emerging market perspective, the big question now is to what degree the UK’s decision undermines the commitment of the remaining members to the EU.
Brexit will undoubtedly embolden anti-EU movements in other countries. |
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The debate about membership is likely to be a central feature of next year’s French presidential election due to the heavy support of the Front National. And there are sure to be calls for referenda in Italy and the Netherlands.
This uncertainty is worrying for countries like Poland and Romania whose economic prospects are so dependent on free trade and open borders with large European markets. In the short-term, countries in central and eastern Europe are likely to experience reduced funding after the UK leaves. There will also be a drop in remittances from citizens who were previously free to work in Britain. Longer-term, the hope must be that Brexit acts as a spur for EU reforms that prevent other members from leaving and a reversal of decades of progress for European emerging markets.
Guy Dunn
Chief Executive
Officer
Here are a few articles I came across on the EMIS service on early reaction to Brexit:
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Infographic
of the week
South Korea is an open economy and is one of the top five exporters in the world. Its primary exports include machinery, transport equipment, manufactured goods and chemicals. Between 2015 and 2019, South Korea’s exports are expected to grow at 5-6% per year. During the same period, the fastest growing export product groups are expected to be chemicals and industrial machinery.
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EMIS
Insights and reports
Here
are two of our own exclusive industry insights from EMIS' team of
highly experienced, locally-based analysts. EMIS Insights deliver the
most relevant industry news, data and research from over 25 sectors in
21 countries.
PHILIPPINES RETAIL TRADE: SHOPPING THERAPY
A confluence of favourable factors, including a young population, rising incomes, and an increase in the consumer credit industry, boost retail trade growth in the Philippines.
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ROMANIA ELECTRIC POWER: WIND OF CHANGE
The renewables’ share in Romania's gross final energy consumption reached 27% at the start of 2016 exceeding the level required to meet its national 2020 target of 24%.
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Weekly
News summary
Below
are the most read articles in the past week on EMIS
Perspectives, our daily blog of
emerging market news and insights.
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