2024-09-20 05:40:09
Economy
Business
Impact of Border Controls on Economic Stability
The press radar on this topic:
gmx
Economy
Border controls increase imports by 1.7%, weaken trade and competition; recession risks and GDP losses up to 11.5 billion; affected are food, trade, transport, mechanical engineering, chemicals/pharmaceuticals, leisure, commuters; restrictions on just-in-time production; decline in day trips and weekend trips; border crossings in the Schengen area significantly extended.
tz
Allianz Trade: Border Controls Weaken the Economy
Economy
Border controls increase transportation costs, reduce trade volumes, exacerbate recession risks, and lead to GDP losses of up to 11.5 billion euros. Border crossings are delayed by 20 minutes, which restricts just-in-time production.
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