Article 1J83B Brexit vote leaves UK on brink of recession, economists say

Brexit vote leaves UK on brink of recession, economists say

by
Katie Allen and Larry Elliott
from Economics | The Guardian on (#1J83B)

Analysts predict economic and political uncertainty will hit British economy and have global repercussions

Britain's decision to leave the EU has left the country on the brink of a recession that will reverberate around the world, economists have said amid fears of a drop in investment and turmoil on global markets.

As Thursday night's drama unfolded, economists immediately started to assess whether George Osborne's pre-referendum warning of a year-long "DIY recession" would become a reality.

Related: UK's top credit rating at risk as Brexit recession looms - business live

Related: Market reaction to Britain's leave vote: it could have been worse

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