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Montevideo, October 2nd 2022 - 08:51 UTC

Tag: UK Full-blown

  • Saturday, July 20th 2019 - 08:11 UTC

    UK Full-blown recession in a no deal exit from the EU?

    A no-deal Brexit could cause the economy to contract by 2% by the end of 2020, the OBR said, referring to International Monetary Fund forecasts.

    Britain might be entering a full-blown recession that a no-deal exit from the European Union would compound, blowing a 30 billion-pound hole in the public finances, a budget watchdog said. The Office for Budget Responsibility said the economy probably flat-lined or might have contracted in the second quarter.