• NIESR says that Brexit may have already pushed the economy into a recession

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22 julho 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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