A No-Deal Brexit Is Coming in 2020, So Is a Recession

(Bloomberg) --

An election is brewing in Britain. Bloomberg Economics expects it to return a government with a mandate for a hard Brexit, which will be delivered in early 2020. A recession, above-target inflation and rate cuts by the Bank of England are likely to follow.

To contact the reporter on this story: Dan Hanson (Economist) in London at dhanson41@bloomberg.net

To contact the editors responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net;Sheldon Reback at sreback@bloomberg.net

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