What does the referendum result mean for the UK economy?
In the short term, we are likely to see companies cut back investment, really just to wait to see whether they can find more details around how the UK’s relationship will progress going forward. And of course that will mean a negative impact on GDP growth.
Households are also likely to suffer from a reduction in employment growth or maybe even job losses as well, related to Brexit.
And of course we have already seen sterling take quite a big hit. That is going to feed through into higher import prices and higher inflation, which will also reduce demand.
Company: schroders Date added: 27-06-2016
At Schroders, asset management is our business and our goals are completely aligned with those of our clients - the creation of long-term value.
We manage £324.9 billion (€409.7 billion/US$466.9 billion) on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of asset classes across equities, fixed income, multi-asset and alternatives.
We employ over 3,700 talented people worldwide operating from 38 offices in 28 different countries across Europe, the Americas, Asia and the Middle East, close to the markets in which we invest and close to our clients.
Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.