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Could Brexit Spark a Recession?
Posted
May 13, 2016
Views
2,948
Likes
35
Comments
14
Engagement
1.66%
May 13, 2016
2,948
35
14
1.66%
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1:24Now PlayingMay 12 -- The Bank of England cut its growth forecasts and issued its strongest warning yet that a vote to leave the European Union would hurt the economy, possibly causing a recession. Referring to the June 23 referendum as the “elephant in the room,” Governor Mark Carney said that the uncertainty over the U.K.’s outlook has risen to the highest since the euro area’s debt crisis. Officials unanimously agreed to maintain their benchmark rate at a record-low 0.5 percent on Thursday, saying inflation remains subdued.
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