BRITISH EXIT EU AFFECTUS MARKETS PLUS

Americans don't buy homes and cars if things look bleak and a stock market downturn can really whittle down confidence.Д«rexit is already causing severe volatility in global stock markets. And how much they spend often depends on how they feel good about where the country is heading. If they don't spend, the economy doesn't grow. growthДЄmerican consumers make up the majority of U.S. Volatile markets slow down the engine of U.S. Related: Brexit's existential threat to EuropeДў. but in other countries as well,' German Chancellor Angela Merkel told reporters. 'We also need to acknowledge we are faced with lots of doubts about the direction of Europe.

Still, the fear of the EU's opaque path ahead is real.

BRITISH EXIT EU AFFECTUS MARKETS PLUS

Plus the high expectation of a looming recession in the UK may give other countries pause, especially if they see an economic storm that Britain may endure after Brexit. That's a much more difficult transition than what the UK must navigate now. Other countries like France would have to ditch the euro and reintroduce their old currency. After all, the UK always used the pound as its currency. Some experts caution that fears of the EU falling apart are overblown. If it breaks, it could lead to a lot of global uncertainty and many trade deals would need to be restructured. The European Union is one of the world's largest trading blocs and it's a major trade partner with China and the United States. Concerns have been raised about referendums from Italy and the Netherlands too. On Friday, French right-wing leader Maine Le Pen called for France's own referendum vote. One of the key global concerns rattling the markets is that Britain could be just the first of more EU countries to leave the union.

Related: UK votes to exit EU, Cameron to quitДЎ.

British exit eu affectus markets