Talk about Brexit

Brexit, Brexit, Brexit... Everyone is talking about it.

Britain’s vote to leave the European Union has cast a shadow over the global economy. However, people on internet got some jokes about it. Let's have a look at first.

I really like an article by New York Times, "A Lesson From Brexit: On Immigration, Feelings Trump Facts". It says we tend to see anti-immigrant sentiment in areas hit by changing economic circumstances or global crises. Anti-immigrant backlash can play out in several ways. Immigrants may experience xenophobic attacks or be endangered by legal limbo. But the consequences can also be much broader.

Economists have predicted a British exit would knock 1% to 6% off U.K. gross domestic product: anything from a moderate slowdown to a deep recession. The International Monetary Fund predicts a hit to global economic growth outside the E.U. of zero to 0.2 percentage point.

According to WSJ, how deep a shadow Britain’s vote makes on the rest of the world will be driven by politics, not economics. For businesses and investors, every election in coming years brings the risk of more nationalist policies that further impair the free flow of goods, capital and people. The financial shock of last week’s Brexit vote will eventually fade, but it is unlikely to be the last.