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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: