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Share Name | Share Symbol | Market | Type |
---|---|---|---|
FTI Consulting Inc | NYSE:FCN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.32 | -1.03% | 221.84 | 223.89 | 221.22 | 223.69 | 126,358 | 22:30:00 |
Drawing from a pool of 100 institutional investors around the globe with more than $8 trillion in assets under management combined, the survey results indicated a strong majority of investors believe the UK and EU economies will suffer significantly as a result of Brexit. Notably, 67 percent of respondents believe it is likely the referendum will trigger a recession, while 98 percent expect worse economic conditions in the near-term. However, there is some optimism regarding the longer-term outlook, as 64 percent of respondents expect economic conditions to improve in five or more years post-Brexit.
“The results announced today indicate grave concerns regarding Brexit’s implications for the UK and EU economies in particular,” said Edward J. Reilly, Chief Executive Officer of the Strategic Communications segment at FTI Consulting. “This will be a continually evolving process, with many uncertainties and complexities that have wide-spread impact on capital markets activity, corporate business decisions and the political discourse across numerous jurisdictions. We are counselling our clients to remain engaged, stay updated on the current state of play and to be nimble in adjusting to changing market forces.”
The survey also suggests institutional investors are particularly worried about the impact of the referendum on the collective Eurozone economies, though they expect that any economic damage will be largely contained to the EU.
“Respondents indicated they see France as most likely to face immediate financial fallout, with 71 percent stating that the French economy will be harmed by Brexit,” said Dan Healy, Managing Director and Head of the UK Strategy Consulting & Research practice at FTI Consulting. “That result tracks closely with the overall sentiment towards the Eurozone economy, with 78 percent of investors surveyed expecting a broader economic downturn across Western Europe. On the other hand, only 4 percent expect Brexit to harm North American economies.”
Other key findings from the poll include the following:
Further results can be found at http://fticommunications.com/2016/06/global-institutional-investor-view-post-brexit-research.
Research MethodologyThis research was conducted online by FTI Consulting’s Strategy Consulting & Research team between June 27 and June 29, 2016, among 100 global institutional investors. Respondents were sourced from FTI Consulting’s network and subscribed industry directories opting in to participate in research.
More information on the results and methodology can be obtained by emailingdan.healy@fticonsulting.com.
About FTI ConsultingFTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,600 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.78 billion in revenues during fiscal year 2015. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
Investor Contact: Mollie Hawkes +1.617.747.1791 mollie.hawkes@fticonsulting.com Media Contact: Dan Healy +44 (0)20 3727 1239 dan.healy@fticonsulting.com
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