No-Deal Brexit will benefit Australia

Brexit will benefit Australia according to a report by the Bertelsmann Stiftung

The AFR reports that a study by two economists found that Australia could be €840 million ($1.3 billion) a year better off if Britain heads into a no-deal Brexit next month (about €34 per Australian resident). The benefit basically reflects a change in the terms of the international trade from Australia and, as the AFR reports, the benefit is neither direct, certain nor permanent.

Australia does not benefit as much the Americans, where the per-capita gain is €41.