The UK’s decision to leave the EU will negatively affect the economic growth of the UK and the EU, said Bank of Latvia economist Ieva Skrivere.
She said that the referendum may cause a number of internal policy problems in the UK. Even though the majority of people voiced a wish to leave the EU, the vote was close, and those 48 per cent who supported EU membership can voice their disapproval of the outcome.
Skrivere said that there are at least four possible scenarios for the exit procedure, and negotiations on these will start only now.
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