Pictet | Frankfurt, 07.07.2016.
The UK’s vote to leave the EU has sent shockwaves through financial markets. The political upheaval unleashed by the unexpected referendum result and the ensuing rise in market volatility will surely weigh on the global economy.
But there are silver linings to the Brexit clouds – alert to the need to contain the fallout from UK’s landmark decision, policymakers are sure to act, relaxing fiscal austerity and maintaining a loose monetary policy.