Would that be the same IHS Markit who said last week: “The no-deal scenario assumes that the UK would be in recession from mid-2019 to early 2021, and that its economy would contract by 0.9% in 2019, 2.4% in 2020, and 0.5% in 2021. By 2026, real GDP would be 9% lower in the no-deal scenario when compared with the September 2018 baseline, which assumes an orderly exit and transition period for the UK.”
So, the Wailers report the bit about the EU economy slowing down (but still going forward). A reduction of 9% in GDP for the UK, though, is mysteriously ignored.
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Hard Brexit...
and the EU are ****ed:
Eurozone economy has all but ground to halt as Germany and France flounder | Daily Mail Online
The eurozone economy has all but ground to halt as Germany and France flounder, according to the latest health check of the crisis-torn bloc.
Research group IHS Markit said its closely watched index of activity in the region fell from a subdued 51.1 in December to an even worse 50.7 this month.
It was the weakest reading for five-and-a-half years and only just above the 50 benchmark that separates growth from decline.
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