In the months leading up to Britain’s referendum on whether to leave the European Union, many economists warned over and over again that a "Brexit" could have awful ripple effects: Britain could lose its favorable access to European markets if it left; uncertainty could dry up business investment; the country could tumble into recession. On Thursday, British voters decided to vote "Leave" anyway. And now they’re left to grapple with the consequences — including any economic turmoil that may follow. So how bad will severing ties with the EU be? Already on Friday, markets were plunging sharply around the world, ... (full story)