In the months leading up to Britain's referendum on whether to leave the European Union, many economists warned over and over again that a ''Brexit'' could have awful ripple effects: Britain could lose its favorable access to European markets if it left; uncertainty could dry up business investment; the country could tumble into recession.
On Thursday, British voters decided to vote ''Leave'' anyway. And now they're left to grapple with the consequences - including any economic turmoil that may follow.
So how bad will leaving the EU be? Already on Friday, markets were plunging sharply around the world, suggesting major economic risks on the horizon. But economists have differing views on just what Brexit will mean - and exactly how dire it could get. Here's a running roundup from around the internet.
John Van Reenen: ''There will be an immediate slowdown of growth''.
This article was published online by Money Talk 1010AM on June 27, 2016
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Related publications
The complete set of CEP Brexit Analysis papers is available in one publication. Download from here.
Related links
John Van Reenen webpage
Growth Programme webpage
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