WASHINGTON (Ina) Jim O'Sullivan , chief economist at the "Hay Frickonsa Economics" Economic America Foundation , said that the US stock market has lost about $ 800-900 billion dollars, a day after Britain 's decision to withdraw from membership of the European Union.
According to the "Anatolia" O'Sullivan explained that global markets until the present time trying to contain the British decision, pointing at the same time that the current fluctuations may adversely affect the United States economy.
saw "O'Sullivan , " that the sharp rise in New York Stock Exchange moves and the value of the US dollar may damage the growth of the US economy noting that " the total market capitalization of US stock markets up about 23 trillion dollars."
he noted economic expert to be the most important question now is , "will it be the current fluctuations start to rose stronger reaction or not, and whether will go to the risk - free asset for a full collapse of the stock market or calm down markets. "
He added that" the decline in the rate of 1% means a loss of $ 230 billion, and if we look at the losses in the New York Stock Exchange rate on Friday was at a rate of 3.5 - 4.0%, and this means the loss of about 800-900 billion dollars in just one day. "
He stressed that the cost of the financial turmoil on the US economy is linked to the level of the impact of decline in the value of shares on investor and consumer confidence, credit and the ability of banks, noting that the emphasis that will be introduced to the global financial situation due to "out" the British will be a new reason to delay a rate hike by the Federal reserve (US central bank).
official results showed the referendum British membership of their country in the European Union, which took place Thursday, vote 52% of voters in favor of Britain out of the EU, compared to 48% voted in favor of staying in. This
was followed by the results of the referendum, currently the British Prime Minister, David Cameron, his intention to resign by the conservative Party which is headed in October / October next conference.
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