Nouriel Roubini, of New York University's Stern School of Business, was nicknamed "Dr Doom" for being one of the first to warn about a housing collapse in America and a consequent financial crisis. Today he's concerned about the UK's vote to leave the European Union, which has created "a whole bunch of financial, economic, political and geopolitical uncertainties", he said at the World Economic Forum in Tianjin, China, last week.
The British government and Europe's leaders should try to negotiate a solution that could be accepted by British voters in another referendum, but the chances of this happening are slim. If Britain does leave the EU, this could lead to a wider disintegration of both unions, with Scotland becoming independent, while the Nordic countries might start to question their place in Europe. However, the economic and financial impacts of Brexit are unlikely to be as deep as those of 2008, and will not be a major drag on the global economy.
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