concerns – Muhasebe News https://www.muhasebenews.com Muhasebe News Thu, 29 Nov 2018 08:44:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Bank of England has concerns about Brexit https://www.muhasebenews.com/en/bank-of-england-has-concerns-about-brexit/ https://www.muhasebenews.com/en/bank-of-england-has-concerns-about-brexit/#respond Fri, 30 Nov 2018 06:00:32 +0000 https://www.muhasebenews.com/?p=40535 The central bank has warned that exiting the EU without a deal could trigger a more damaging recession for the UK economy than the 2008 financial crisis.

According to Bank’s analysis, GDP could fall by as much as 8% next year, house prices could fall by 30% and the unemployment rate could increase from its current level of 4.1% to about 7.5%, while interest rates could be forced to rise as inflation increased to 6.5%.

In contrast, the Bank also stated that Brexit deal also has the potential to encourage a boost in economic growth over the next five years, if Britain maintains the closest possible trading ties with the EU.

However, all possible outcomes are still worse than if Britain had voted to stay in the EU two years ago, with the Bank estimating that GDP starts all of its scenarios about 1% lower than it would had there been a vote for remain.


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