Uncertainty surrounds Brexit, damaging business and consumer confidence and causing financial market volatility. In this Economic Focus we look at our key implications of the UK's vote to leave the EU. Little is certain at this point, including whether the Brexit will actually take place. We expect uncertainty to push the UK into recession by the end of the year, and European growth to slow by a lesser degree. But the long term economic impact will remain unclear until we know about how Brexit negotiations unfold.
Table of contents
1. The vote was close, highlighting a divided UK
2. When will the UK leave the EU?
3. What are the implications of Brexit for the UK economy?
4. What are the implications of Brexit for the EU?
5. Why has the financial market backlash been significant outside the EU?
Tables and charts
This report includes 22 images and tables including: