Global Recession Risk Above 50% on Brexit, T. Rowe Price Warns – Bloomberg

The risk of a global recession is now more than 50 percent after Britain voted to leave the European Union, according to asset manager T. Rowe Price Group Inc., which oversees more than $765 billion in assets.“Those who believe Brexit is a U.K. problem are misunderstanding the impact it will have globally. They’re forgetting the impact that Greece had – and Greece is much smaller than the U.K. and not a financial center,” said Arif Husain, head of international fixed income at T. Rowe Price in e-mailed comments. “The vote to leave could result in a global recession.”

Source: Global Recession Risk Above 50% on Brexit, T. Rowe Price Warns – Bloomberg

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