MS: Brexit Could Spark Global Recession

MS: Brexit Could Spark Global Recession

Financial markets around the world seem to be recovering from the initial Brexit shock yet the underlying political discontent that helped vote leave win the battle remains, not just in the UK but in markets around the world.

This political discontent, coupled with the explosion in economic uncertainty that has come as a result of Brexit threatens to undermine the fragile global economic recovery.

The UK referendum on EU membership was just the first in a number of political risk events that are set to take place over the next 12 months. Indeed, the US presidential election this year, followed by general elections in the Netherlands, France and Germany during 2017 could bring yet...