How bad will effects of Brexit be? Pick your time frame

How bad will effects of Brexit be? Pick your time frame

German investor confidence fell in July on worries over the United Kingdom’s vote to leave the European Union. Released today the ZEW Indicator of Economic Sentiment for Germany, which looks six months ahead ( in other words into early 2017), fell to -6.8 from 19.2 in June. On the other hand, the International Monetary Fund, looking only at 2016, doesn’t see much danger from Brexit–in that time frame–outside of the United Kingdom itself.