Brexit to have minimal impact on world economy: Ex-Bank of England governor

I don't honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of the world, he said

Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth.

“I don’t honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of the world. I don’t think the long-run economic consequences of the UK leaving the EU are particularly large,” King said, responding to questions after a speech at the IMF’s annual meetings in Washington.

He didn’t explicitly address the potential impact of a Brexit