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Brexit is hitting the economy hard – negative interest rates could be next: Blanchflower

From theguardian.com

Since the leave vote in the EU referendum, the bad economic news has continued to roll in. A survey by the Royal Institution of Chartered Surveyors published on 14 July, which accounts for the post-referendum period, shows a sharp fall in inquiries from homebuyers. Markit’s flash purchasing managers index (PMI) surveys taken after the vote for both manufacturing and services were especially grim. They exclude retail and construction which may well be even harder hit. Manufacturers feeling gloomy about future after Brexit vote Read more The CBI industrial trends survey of 506 manufacturers suggested that the outlook ... (full story)

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