July 15, 2019

The U.K. is facing the highest risk of recession since the financial crisis due to Brexit uncertainty and a global economic slowdown, a new study has warned.

The ominous assessment of the nation’s economic health, published by think tank the Resolution Foundation, suggested urgent plans are needed in order to mitigate the impact of the next downturn, with many of the Bank of England’s monetary policy cards already played.

The Resolution Foundation’s “recession risk” indicator, which uses government bond yields to assess the threat from a recession, projects that Britain’s recession risk has now reached its highest level since 2007.

Read more:

https://www.cnbc.com/2019/07/15/britain-faces-highest-risk-of-recession-since-the-crisis-new-study-warns.html