Friday

30th Sep 2016

Ticker

Tusk: Brexit market impact less bad than feared

Council chief Donald Tusk has said European Central Bank head Mario Draghi had told EU leaders at Tuesday's summit the market fallout from Brexit "was less negative than we expected". But Tusk said the decision to leave the EU would lead to "substantially lower growth in the UK, with a potential negative spillover all over the world". Draghi said it would wipe out 0.5% of the eurozone's GDP, Bloomberg reports.

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