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Friday, 24 June 2016

By Nathaniel Karp, Amanda Augustine, Kan Chen, Kim Chase, and Marcial Nava

 

In a time of worldwide recession, the U.K.’s vote to leave the European Union is a concern for countries across the globe.

An additional downward risk in an already uncertain environment, the Brexit leaves many countries worried about market volatility. However, financial stress will likely recede as central banks react by increasing liquidity. But according to our projections, the negative impact on foreign trade, growth and inflation, and  the U.S. economy will be modest.

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Read the full article from BBVA Research. 

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