12 July 2016 at 0:47 GMT
The Sydney Morning Herald
Call it the drift economy. The world somehow manages to stay afloat yet doesn't go much of anywhere very fast. Supported by a surfeit of central bank liquidity, the world has skirted numerous hazards and grown at a steady, albeit unspectacular, pace since 2010. And it looks set to do it again in the coming year, slowed, though not swamped, by the UK vote to leave the EU. “We might end up losing perhaps a quarter percentage point off” world growth as a result of Brexit, said David Hensley, director of global economics for JPMorgan Chase & Co. “That's not enough to knock us out of the 2% to 3% channel we've been operating in recent years."
Read full article at The Sydney Morning Herald