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American said it was too soon to know the effect of the vote.
The IMF said it had cut its forecasts for the global economy due to the likely knock-on effect of the vote on other countries, particularly in Europe.
It said the effect of the vote was not yet clear but that the market's long-term health was underpinned by strong demand.
One immediate effect of the vote will be on admissions to the University of Michigan, which has already begun selecting its Class of 2011.
But the ultimate effect of the vote, while symbolically significant, was not clear to Western diplomats, who said they were uncertain if it would restore the autonomy of the watchdog, the Electoral Complaints Commission.
Similar(53)
The punch-card ballots that were used by the majority of Florida's black voters in this election have a discriminatory effect on the votes of the poor and minorities in every election.
As the Guardian reported this week, the effects of the vote are already being felt across UK research.
British households can expect a cut in their disposable incomes next year as the knock-on effects of the vote to leave the European Union send inflation rocketing and weaken the outlook for the economy.
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In the short-term, however, things aren't looking great – we haven't even left the EU yet, but young people are already feeling the effects of the vote in a very real way.
The effect of this vote was to remove a significant negotiation chip from the table.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com