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Saturday, June 25, 2016

'Brexit' will impact Maryland at some point, experts say

TOWSON, Md. —"Brexit" will affect Maryland's economy, but the state will fare far better than some other states, especially those that rely on manufacturing, economic experts said.

"I was disappointed with the outcome. I think that U.S. interests of our allies in Europe, it would have been stronger to have a united Europe to work out its problems with Great Britain as part of the EU. Having said that, this was a decision made by the people of England. We respect their judgment, and our close personal friendship and ties and strategic alliance will remain strong," said U.S. Sen. Ben Cardin, D-Maryland.

"For Maryland, it's not the end of the world, but it will have some impact at some point," said Daraius Irani, chief economist at the Regional Economic Studies Institute at Towson University.

Irani said there are two main areas of concern, the first being with the devaluing of the pound, it will cost more to export goods, which will affect Baltimore's port and manufacturers.



Anonymous said...

It took power away from the EU and gave it back to the people of England. It's a blow to the political correctness culture. Now if we can Mexit or Canadone NAFTA we'd be golden.

Anonymous said...

2 years adjustment period and then all will be better than ever.More European countries will follow suit,but the initial shock of Britain's exit is pretty much the nucleus of the problem.The Reagan era has finally returned,especially if Trump is elected.

Anonymous said...

It will take two years to disengage.

Concerned Retiree said...

This will have no greater impact than all these illegals allowed to settle in MD, "New Sanctuary State".

Anonymous said...

It may take a little time for the World to unhook their addiction to NWO globalism but it's worth the suffering. Globalism will destroy all countries' sovereignty and leave us all high and dry while fat cats get fatter. But we got on before globalism, we can certainly get on just fine afterwards. Fear mongering is amuck with Brexit. Don't buy all the BS hype.