According to the German newspaper, the signing of the agreement could accelerate the disintegration of Europe, especially in the labor market.
The EU Commission has made mainly positive statements about the TTIP's possible effects on the EU's economy, however, DWN assumes that such forecasts should be "treated with caution."
At the same time, United Nations Global Policy Model, used by DWN in its study showed that the TTIP might lead to the decline in GDP, personal income and employment in a number of European countries.
According to the author of the study, Stefanie Schneider, Europe can also expect increasing instability in the financial sector and a continuous downward trend in wages.
Moreover, "the evaluation by the UN model showed that the prospects of an economic disintegration for Europe are far more likely than those of further integration" if the TTIP deal is signed.
The TTIP agreement has drawn severe criticism for the lack of transparency in the negotiations as well as for the tremendous power it would potentially give to international corporations.
