Disorderly Brexit would have unfavourable affect on financial system, markets – Germany’s GDV


BERLIN (Reuters) – The British parliament’s rejection of the Brexit deal negotiated with the European Union makes a disorderly Brexit extra possible than ever and that might have a unfavourable affect on the financial system and monetary markets, Germany’s GDV insurance coverage physique mentioned.

Whereas the direct affect on the German insurance coverage sector can be restricted as a consequence of preparations that the sector has already made, there can be some oblique results corresponding to a weakening financial system that might hit the labour market and rates of interest in Germany would possible stay very low for even longer than anticipated.

(Reporting by Michelle Martin, modifying by Thomas Escritt)



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