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Emerging markets escape fairly lightly from Brexit shock: IIF

But volatility is likely to continue over the summer while the British economy is tipping into recession

The future configuration of trade and financial relationships remains highly uncertain, particularly with British politics in turmoil and the Brexit camp not showing what they have in mind, the IIF says.


THE "Brexit" shock has had relatively little adverse impact upon capital flows into emerging markets so far with those in Asia and elsewhere seeing net inflows since last Friday and those in Europe registering only modest outflows, the Institute of International Finance (IIF) said