The European single market is of prime importance for the British economy. However, since the turn of the millennium, the relative position of the EU for British exports of goods and services has declined. The United Kingdom has a trade deficit with the EU in goods, but a trade surplus in services. While the significance of the United Kingdom for direct investments from the EU member states has increased, Britain itself has invested more and more in non European markets. In cross-border trade in intermediate inputs the UK is relatively closely integrated with the continent not only in finance and business services but also in some manufacturing sectors, such as chemicals and energy. After a so-called Brexit new obstacles to cross-border trade in goods and services could affect these sectors particularly severely.
With the Compendium CO2 Regulation in Europe, the IW has been providing the interested public with a comprehensive collection of data on the development of CO2 emissions from passenger car traffic in the European Union, as well as on the applicable regulatory ...
The European Union is facing one of its biggest crises since the financial crisis of 2008. The pandemic started in 2020 and led to a historical economic downturn in the second quarter of that year.