Brexit: What does Vanguard think?
Key highlights
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- The vote will have a significant impact on the U.K. and European economies, with global implications, but the effects may be years in the making.
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- The most immediate ramifications will be continued uncertainty and political change in the United Kingdom.
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- The IMF projects U.K. GDP could be more than 1% lower by 2021 under its most favorable scenario.
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- Given that it may take several years for the specifics to play out, each of which may rattle the markets, the best protection is broad diversification.
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