Friday

30th Sep 2016

Ticker

EU and IMF count cost of Brexit

The Brexit vote would likely see the British economy slip into recession next year, with a potential GDP contraction of up to 0.3%, the European Commission said Tuesday. It said eurozone overall would grow by up to 1.5%, instead of 1.9% as predicted prior to the British referendum. The International Monetary Fund on Tuesday said UK growth next year would be 1.3%, 0.9% less than its pre-Brexit forecast.

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