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Zero Hedge

Where A No-Deal Brexit Would Hit Hardest

<p>In recent weeks, the <strong>chances of a dreaded <a href="">no-deal Brexit</a> occurring have increased exponentially</strong> ahead of the deadline on March 29th.</p>

<p>A new study has looked into that scenario's <strong>potential impact on jobs across the world</strong>. <a href="">Statista's Niall McCarthy notes</a> that the analysis was carried out by the <a href="">Halle Institute for Economic Research (IWH)</a>, focusing on 56 industrial sectors across 43 countries while <strong>assuming a 25 percent drop in EU exports to the UK in the event of a hard Brexit. </strong></p>

<p>It found that <strong>Germany could lose the most jobs</strong> with around 103,000 threatened if the <a href="">UK crashes out of the EU with no deal</a>.</p>

<p><a href="" title="Infographic: Where A No-Deal Brexit Would Hit Hardest | Statista"><img alt="Infographic: Where A No-Deal Brexit Would Hit Hardest | Statista" height="356" src="" style="max-width: 960px;" width="500" /></a></p>

<p><em>You will find more infographics at <a href="">Statista</a></em></p>

<p>Even though Europe's economic powerhouse could be impacted most in terms of the sheer number of jobs,<strong> the situation is different when it comes to the share of total employment threatened</strong>.</p>

<p>In this case, only 0.24 percent of Germany's workforce would be under threat compared to <strong>1.03 percent of all jobs in Ireland. </strong>That's despite "only" 19,800 Irish jobs potentially being impacted.</p><img src="" height="1" width="1" alt=""/>