My prediction is, come next week the pound will spike on the back of us leaving....and then plummet a few weeks later. Come march/April we will be in touching distance of a recession.
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Europe IV: The Final Hour
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Originally posted by Neon Ignition View PostA lot of people are going to be fed up later this year when Phase 2 starts winding up and it all kicks off again following the whole 'got Brexit done' nonsense
Of course, that'll get fixed without delay, because as people with well-coordinated feet, we need them more than we need staff for the NHS.
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Originally posted by Cassius_Smoke View PostMy prediction is, come next week the pound will spike on the back of us leaving....and then plummet a few weeks later. Come march/April we will be in touching distance of a recession.
If GDP continues on its current trajectory that will happen this year, but although GDP has been in decline since August 2019 (it was 0.1% Sep-Nov 2019), it hasn't become negative growth yet - so, even if it becomes negative at the end of this month, we wouldn't be in a recession until July at the earliest, and I suspect there might be a small boost short term due to not leaving without a transition deal (so that will cusions things a little).
The real problems will begin at the self-imposed Dec 2020 deadline which is where the real danger of a no deal exit lies.
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