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People & Profit

From London to Abu Dhabi: How Brexit sent shockwaves across the world

The financial shockwaves from the UK's decision to leave the European Union have struck the whole world. Stock markets tumbled, and trillions of dollars were wiped off global shares. Sterling, the British currency, slumped to its lowest levels in 30 years - and there are warnings of more falls to come. Who benefits from a weak pound, and who loses out? What might Brexit mean for the City of London? And how will it affect the global economy?

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In the Middle East, the Brexit vote adds to the challenges the region is facing. Stephen Carroll talks to expert Adnan Mazarei, from the International Monetary Fund. He is the Deputy Director of the Middle East and Central Asia Department.
 

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