Five Reasons to Fear a Brexit (Pedro Nicolaci da Costa, PIIE)

The fight over a potential British exit from the European Union is gaining momentum and so are warnings against it from economists and business leaders about the potential damage to trade, confidence, and growth.

In an interview this week, Adam Posen, president of the Peterson Institute for International Economics and a former member of the Bank of England’s Monetary Policy Committee, elaborated on some of the sentiments driving the push for a “Brexit.” He also discussed the extensive negative consequences such a break, still seen as the less likely outcome of an upcoming referendum, would have on the United Kingdom’s economy.

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