While Brexit will intensify pre-existing concerns regarding soft global growth, China’s transition to a more domestically driven economy and fears about a steady lift in US inflation, it does not significantly change ANZ Wealth’s assessment of the global economic outlook.
" ...the actual exit process of Britain from the EU, may take years, not months, to play out."
Mark Rider, Head of Investment Strategy & Portfolio Management, ANZ Wealth CIO
That said, the impact is clearly negative in the short term while longer-term implications are highly uncertain and very much depend on any further EU member states moving to leave. This, along with the actual exit process of Britain from the EU, may take years, not months, to play out.