Economic security

Disaster for Brussels as study predicts EU’s share of world trade to collapse

THE SHARE of world trade occupied by EU member states is to collapse in the coming decades according to a new study in a dramatic blow to Brussels.

Currently the 28 EU member states make up a little over 22 percent of world gross domestic product (GDP). This is down on the over 36 percent the same nations possessed in 1960.

However according to a new survey this will fall further, to just 9.9 percent in 2100.

The real figure is likely to be even lower as the study doesn’t incorporate the UK upcoming withdrawal from the EU.

Britain is set to leave the EU on January 31, with Boris Johnson having secured a Parliamentary majority for this objective.

The study was conducted by the University of Denver’s Pardee Centre.