No-deal Brexit and recession go hand in hand

//No-deal Brexit and recession go hand in hand

No-deal Brexit and recession go hand in hand

CNN: UK will plunge into recession if it leaves Europe without a Brexit deal

Article published: July 19, 2019

IB Economics syllabus: Macroeconomics (economic growth, recession)

The UK’s new prime minister, Boris Johnson is determined to carry out Brexit in October, even if he cannot get a better deal from the EU. Brexit without a deal would harm the UK economy a lot: “According to a Bank of England simulation of the most chaotic Brexit, the UK economy could contract by 8%.” The article also mentions investment which is key for economic growth.

Source of image: CNN| Image taken from video on the site of the article

Do you need a little boost with IB Economics?

Get help from an examiner: check out private lessons.

Looking for more articles?

Click here.

Will you pass the IB Exams???

Test your knowledge with the below quiz.

I’m taking the micro quiz
By | 2019-07-22T21:31:38+00:00 July 22nd, 2019|Macro|Comments Off on No-deal Brexit and recession go hand in hand

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.