AMP Oliver’s Insights – Brexit wins
AMP’s Dr Shane Oliver takes a look at the implications of Britain’s vote to leave the European Union in this edition of Oliver’s Insights.
A summary of the key points is as follows:
- The vote by Britain to leave the European Union poses risks for UK, European and global financial and economic stability that may linger for a while.
- However, it needs to be kept in perspective and is unlikely to plunge the global economy into recession.
- The Leave victory is unlikely to have a major direct impact on Australia but could have an indirect bearing via financial market volatility and confidence.
- The key for investors is to look for opportunities that Brexit driven volatility throws up.
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