CBSE Class 9 Answered

There will be large market volatility. Britain’s prospects for favourable deal with EU could be damaged. The EU may try to discourage other nations from leaving the EU or UK’s new administration may not accept the restrictions which come with Norway deal.

The stock markets in Italy and Spain are low as much as in the UK, the projection for Europe may be worser than for the UK. There is more danger of 'populist exit contagion' in few countries. A credit crisis is risky. The central bank may not come up with incremental policy measures. The major impacts on the rest of the world will depend more on psychology.