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UK recession risk in next year up to 30% from 25% a month ago: Economists

The survey was conducted Feb 1-6, before the BoE published new forecasts that see the slowest economic growth in a decade in 2019 and a slightly greater than 20% chance of a recession

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Anti-Brexit demonstrators wave EU and Union flags outside the Houses of Parliament in London (File Photo: Reuters)

Lucy Meakin & Harumi Ichikura | Bloomberg
There's almost a one-in-three chance of a UK recession in the 12 months, according to a Bloomberg survey of economists.

The probability of two consecutive quarters of negative growth has increased to 30 per cent, the highest since the end of 2016, the survey of 10 economists found. That's up from 25 per cent a month ago. It was at 20 per cent or lower for all of 2018. 

The survey was conducted February 1-6, before the Bank of England published new forecasts
Topics : Brexit

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