NSIER: A no deal Brexit seen shaving 1.6 points off UK growth in 2019
|Bloomberg reports further headlines from the UK's National Institute of Economic and Social Research (NIESR), citing that the UK economy risks expanding only 0.3% in 2019 if it leaves the European Union (EU) without a Brexit deal.
Key Highlights:
A no-deal Brexit would mean a difference of 1.6 percentage points to UK growth next year.
By contrast, a trade accord that preserves most of the current arrangements would mean the economy will grow 1.9 percent next year, more than the think tank’s previous forecast of 1.7 percent.
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