WTO Chief Azevedo: No-deal Brexit may have steep costs for some sectors - Reuters

Dhwani Mehta FXStreet

Reuters reports the latest comments from Roberto Azevedo, Director-General of the World Trade Organization (WTO), delivered on the impact of a potential no deal Brexit outcome late-Thursday.

Key Quotes:

“Economists were best placed to estimate the potential impact of a no-deal Brexit, which would leave the British economy trading on WTO rules.”

“But I would say there will be costs, and the costs may be very significant in some sectors, and maybe less significant in other sectors. But overall, there will be an impact, we all know that.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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