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Complicated & Grim...that is Europe post Brexit not the UK

By David Scott | Monday 18 July 2016


 


The head of the world’s largest asset manager has warned that the UK’s decision to leave the European Union will trigger a recession. Larry Fink, chairman and chief executive of BlackRock, said UK gross domestic product (GDP) will face a “short-term” recession despite the Bank of England’s decision to keep interest rates unchanged at 0.5%.

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