What Johnson Power Play Means for U.K. Economic Outlook

(Bloomberg) --

Prime Minister Boris Johnson’s latest move increases the likelihood of a no-deal departure from the European Union. For the economy, it will be the extent of the disruption at the border and the unknowable hit to sentiment that determine the severity of the shock. In a more benign no-deal scenario growth will probably slow sharply, while a more disruptive outcome would make a recession highly likely, according to Bloomberg Economics.

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