EconoMeter panel reacts to U.K. vote to leave EU
Q: Will Britain’s vote to leave the European Union threaten San Diego’s economy?
Bob’s answer: NO
Certainly there will be significant impacts and uncertainty in the U.K. and Eurozone. However, the U.S. economy will not be materially impacted by Brexit after the initial “shake-out.” Statistically, the dollar volume of trade with San Diego is insignificant. The bottom line is that there will be uncertainty and speculation but likely there will be opportunities like interest rate reductions, as well as challenges like other countries exiting the EU.