“Any advantages are likely to be outweighed by the enormous uncertainties ahead. With no road map, executive decision-making could be paralyzed and investment could come to a standstill”

The long-term business consequences of Brexit will take years to fully emerge, largely because no one knows what kind of new trade barriers and regulations will emerge from negotiations with the European Union. But already there were worrisome signs that the “remain” camp’s warnings of economic tumult could come true.

Shares of British property companies plunged Friday on fears that the Brexit vote will cause a recession and deflate London’s real estate boom.

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