The Brexit: Implications for UK, Europe and Australia

David Bassanese

The United Kingdom’s decision to leave the European Union has thrown global markets into turmoil in recent days. Given the result was the opposite of market expectations, the knee-jerk response was understandable, though likely overstated Brexit’s global (and hence Australian) impact. That said, Brexit is potentially devastating for the UK over the near-term, and to the European Union over the longer-term. What’s more, the Brexit shock comes at a vulnerable time for global markets, given sluggish earnings growth and elevated equity market valuations. Visit our blog for the full article: (VIEW LINK)


David Bassanese

Author, columnist and economist with over 25 years' experience in financial services. I develop economic insights and portfolio construction strategies for BetaShares' retail and adviser clients.

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