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.