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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

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