The economic impact of Britain leaving the European Union will be "manageable" for the German and EU economies even though some economic sectors will be more seriously affected, according to a study commissioned by the German economics ministry, Reuters reports.

"Even under unfavorable conditions, Brexit will be manageable for the EU and German economies," economics minister Brigitte Zypries said in a statement on Friday. "That is partly due to the current good economic environment."

Many in Britain have suggested that the possibility of EU economies taking a serious hit from Brexit will incentivize the bloc to give London generous market access after its departure.