Friday, 24 June 2016
By Nathaniel Karp, Amanda Augustine, Kan Chen, Kim Chase, and Marcial Nava
In a time of worldwide recession, the U.K.’s vote to leave the European Union is a concern for countries across the globe.
An additional downward risk in an already uncertain environment, the Brexit leaves many countries worried about market volatility. However, financial stress will likely recede as central banks react by increasing liquidity. But according to our projections, the negative impact on foreign trade, growth and inflation, and the U.S. economy will be modest.
With GDP growth slowing to 1.8%, we explore the question: will the future of U.S. potential growth be gloomy or bright?
Stereotyped as clueless, brainy, and self-obsessed, Millennials are by no means homogenous. But in terms of economic opportunity, they are trailing other generations.