Brexit update: UK is much better off inside the EU - Nouriel Roubini

Nouriel Roubini, Professor at Stern School, NYU, & Chairman of Roubini Global Economics, popularly known as Dr. Doom holds the opinion that UK is much better off inside the European Union.

Key comments

• Brexit would cause significant damage to the UK economy & to the employment & well being of Britons
• The UK - having large twin current account & fiscal deficits - may risk a sharp currency fall & a sudden stop of capital following Brexit
• Brexit could stall the UK economy and tip it into a recession