Brexit Could Be Catastrophic To The Economy: Credit Suisse

Alluding to views from OECD, CBI, LSE CEP, and NIESR, analysts at Credit Suisse believe the U.K. leaving the European Union could halve its potential growth rate up to 2020. Andrew Garthwaite and colleagues said in their May 19 research piece titled "Brexit: Is it in the price?" that they believe inward FDI flows will drop if the U.K. were to leave the EU. The views are not contrarian, many have expressed alarm at the possibility of a UK exit from the EU, including David Cameron who warned it could lead to a third world war. While CS does not go that far, they think the economy will be hit hard by a potential exit.

Brexit: U.K.’s potential growth could fall 25%

Garthwaite and team cite several...