Brexit and financial market volatility
Thursday, February 25, 2016
Summary
The February 2016 Centre for Macroeconomics survey of experts asked the panel to opine on whether the possibility of the UK leaving the European Union – ‘Brexit’ – would lead to volatility in financial markets and the broader economy. There was near unanimity that the Brexit question will increase financial volatility and will pose economic costs in the medium term. Financial volatility can be expected to be especially high if polls remain close.