IMF: No-Deal Brexit expected to reduce UK GDP by 5.2%-7.8% vs remaining in EU

Eren Sengezer FXStreet

In a recently published report, the IMF said that a no-deal Brexit scenario was expected to reduce the UK's GDP growth by 5.2%-7.8% compared to the alternative of remaining in the EU. "UK, EU free trade deal expected to reduce UK GDP by 2.6%-3.9% vs remaining in EU," the IMF further added, as reported by Reuters.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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