Brexit has been an “economic disaster” for trade and investments between the United Kingdom and Germany, according to German economists, Reuters reports.
Germany’s exports to the UK fell by 14.1% in 2021 compared to 2016, and the UK dropped from being Germany’s third most important export market to eighth place.
The UK has also lost significance as a trading partner in combined exports and imports, dropping from fifth to eleventh place.
German companies active in the UK have decreased by 5.2% and direct investment has declined by 16.1% since 2016.
