Alluding to views from OECD, CBI, LSE CEP, and NIESR, analysts at Credit Suisse believe the U.K. leaving the European Union could halve its potential growth rate up to 2020. Andrew Garthwaite and colleagues said in their May 19 research piece titled “Brexit: Is it in the price?” that they believe inward FDI flows will drop if the U.K. were to leave the EU. The views are not contrarian, many have expressed alarm at the possibility of a UK exit from the EU, including David Cameron who warned it could lead to a third world war. While CS does not go that far, they think…
Brexit Could Be Catastrophic To The Economy: Credit Suisse
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
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