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Another top economist says Brexit could tip Britain into recession

(1 Post)
MrsBlackthorn Tue 21-Jun-16 09:39:00

Nouriel Roubini, one of the world’s most famously pessimistic economists, has urged the UK not to quit the EU.

Roubini won the nickname “Dr Doom” for his dark predictions in the run-up to the financial crisis, and was proved right when the 2007 credit crunch struck, leading to the collapse of Lehman Brothers in 2008.

And in a flurry of tweets, he predicted that Britain could plunge into recession if it decided to leave the EU - especially given its record trade deficit, and government borrowing needs.

Roubini's view is significant as it explodes "economists are all EU-funded and uselessly failed to predict crash" meme.

Add to this George Soros - who speculated against the pound to the tune of $10bn on Black Friday - saying the same, and this starts to look a lot like consensus.

Markets are jittery this morning on speculation from psephologists that Leave is underestimated. Worrying stuff.

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