No-deal Brexit will cut 3% off UK economic growth, says OECD

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Group forecasts 2020 recession just as global economy starts downward trend

A no-deal Brexit will slice almost 3% from the UK economic growth over the next three years compared with just 0.6% from the rest of the EU, according to the latest health check of the global economy by the Organisation for Economic Co-operation and Development.

Amid concerns that all developed countries will experience slower growth next year, the Paris-based club for the world’s 35 richest states warned that the UK would take the biggest hit if the government failed to secure an agreement with the EU.

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Categories Brexit Business Economic growth (GDP) Economic policy economics europe European Union Foreign policy Global economy International trade OECD Politics UK news World news

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