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Keep close to the EU after Brexit or face long-term decline, OECD warns UK

From theguardian.com

The thinktank to the world’s richest nations, which has predicted the UK’s growth rate will fall to just 1% next year, said a “disorderly” exit from the EU single market and customs union in 2019 “would hurt trading relationships and reduce long-term growth”. But the report said that the reversal of the Brexit decision by a change of government or a second referendum would have a “significant” positive impact on the UK’s growth. Entering the debate over Brexit at a crucial stage in negotiations, the OECD added that steep falls in the UK’s productivity performance relative to other major economies alied with the ... (full story)

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  • Category: Fundamental Analysis