WASHINGTON (Sputnik) — The global economy will brace for economic headwinds following the decision of the United Kingdom to leave the European Union, US Secretary of the Treasury Jacob Lew said on Monday.
"I believe there will be economic headwinds, but I think as we have seen Friday and through the early market hours today, there is a kind of orderliness in the markets," Lew stated in an interview with CNBC.
Statement by Treasury Secretary Lew on UK Referendum → https://t.co/VQZdL0N8lG pic.twitter.com/qyokCitb8Q
— Treasury Department (@USTreasury) 24 June 2016
The secretary noted that the global economy will have to go through a period of change after Brexit, and added that the focus should be on restoring confidence and promoting growth.
Lew added that the US economy is currently stable and is doing "pretty well."
"I think that it [Brexit] is something we can manage through and Europe, the UK can manage through," he said. "There is no sense of a financial crisis developing."
On Thursday, a nationwide referendum was held in Britain in which 51.9 percent of the voters said they were in favor of the United Kingdom leaving the EU.
