BoE offers bleak forecasts as Brexit 'fog' deepens further

Mark Carney
Bank of England

The Bank of England expects UK growth to slow much more in 2019 than was previously forecast, and sees a risk of recession even in the event of a relatively “soft” Brexit.

Today (February 7), the BoE released a central projection for 2019 GDP growth of 1.2%, a sharp downward revision relative to the 1.7% forecast it put out in November.

The forecast is based on what BoE economists judge to be the average of all possible Brexit scenarios. At the press conference today, governor Mark Carney

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