US President Barack Obama says Britain’s decision to leave the European Union will raise concerns about long-term global growth.
Obama said on Wednesday that preparations by central banks and finance ministers as well as the US treasury secretary shows that the global economy “will hold steady” in the short run.
“I think there are some genuine longer-term concerns about global growth if in fact Brexit goes through and that freezes the possibilities of investment in Great Britain or in Europe as a whole,” Obama said at a joint press conference in Ottawa with the leaders of Canada and Mexico.
The US president, who openly supported the “Remain” camp, warned that “this doesn’t help” at a time when global growth rates were already weak.
Last week, British citizens voted in a referendum to exit the European Union. The vote sent shock waves through the political and economic sectors both in the UK and in Europe.
It led to the announcement of…