By Reuters |London |Published: July 18, 2019 5:39:41 pm
UK may be entering full-blown recession: Budget Watchdog
The Office for Budget Responsibility said the world's fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably "pay-back" after Brexit-related stock building in early 2019.
Britain might be entering a full-blown recession and a no-deal Brexit could more than double the country’s budget deficit next year, the watchdog for public finances said on Thursday.
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