Thursday, June 23, 2016
Brexit "leave" vote to spark UK recession, economist warns
The polls might be tipping a tight outcome in the Brexit referendum, but behind the scenes experts have been war-gaming the potential impact of a possible "leave" vote.
Research by the London School of Economics in "Life After Brexit" is warning Britain would most likely fall into recession if it leaves the European Union as a myriad of agreements unravel over several years.
The report's co-author Professor Swati Dhingra is the latest to agree with warnings from the British Treasury that a "leave" vote would be a shock to the UK economy and rattle global financial markets.
Professor Dhingra speaks with the ABC's Peter Ryan