- NIESR says that Brexit may have already pushed the economy into a recession
Market news
22 July 2019
NIESR says that Brexit may have already pushed the economy into a recession
NIESR says that there is a 25% chance that the UK is already experiencing a technical recession
Sees odds of a no-deal Brexit at 40%
Sees a possibility of a severe downturn in the case of a disorderly, no-deal Brexit
But current forecast assumes a no-deal Brexit is avoided
Sees 2019 GDP growth at 1.2%, 2020 GDP growth at 1.1% under that assumption
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