ReportTopic2: You work at the European Department of the International Monetary Fund. The Department Director has requested that you provide a policy note on how the last two crisis Brexit and the pandemic of COVID-19 can affect the stability of the European Union as the highest level of economic integration.

Your task is to provide a policy note that covers, the following research question using the relevant economic concepts you have seen during the course up to this point

1.Provide general information about the actual situation of European Union using the main macroeconomic indicators (GDP growth, unemployment rate, inflation, current account balance...)

2.Show the importance of the EU economy compared with the economies of other countries in percentage terms, (for example: EU GDP represent xx% of the World Economy) and the countries with it trades the most.

3.A discussion about the effect of COVID -19 and the Brexit on the stability of the European Union with the rest of the European members

4.Discuss the different measures which have been taken by the different members of the European union for dealing with Brexit and COVID-19 and mention if they agree or not

Make sure you provide an objective analysis and are backed up with actual data and proper analysis of the trends and figures.

Recommended sources:

National statistical institute / Central Bankowww.worldbank.org

Eurostatohttps://ec.europa.eu/eurostat/web/main/home

European Unionohttps://europa.eu/european-union/index_en

You should use additional relevant sources: specialized press, internet material, etc