{"id":40155,"date":"2019-07-18T19:22:24","date_gmt":"2019-07-18T19:22:24","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=40155"},"modified":"2019-07-18T19:22:24","modified_gmt":"2019-07-18T19:22:24","slug":"no-deal-brexit-will-plunge-uk-into-recession","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=40155","title":{"rendered":"&#8216;No Deal&#8217; Brexit will plunge UK into recession"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">London (CNN Business)<\/cite>Leaving the European Union later this year without a <a href=\"https:\/\/edition.cnn.com\/2019\/04\/02\/business\/uk-business-brexit\/index.html\" target=\"_blank\">Brexit<\/a> deal would plunge the United Kingdom into <a href=\"http:\/\/www.cnn.com\/2019\/06\/10\/economy\/brexit-uk-gdp-economy\/index.html\" target=\"_blank\">recession<\/a>.<\/p>\n<div class=\"zn-body__paragraph speakable\">The UK Office of Budget Responsibility (OBR) warned Thursday that &#8220;heightened uncertainty and declining confidence&#8221; would <a href=\"http:\/\/www.cnn.com\/2019\/04\/02\/business\/uk-business-brexit\/index.html\" target=\"_blank\">deter investment<\/a> while higher trade barriers would slam exports. <\/div>\n<div class=\"zn-body__paragraph speakable\">&#8220;These push the economy into recession, with asset prices and the pound falling sharply,&#8221; said the government&#8217;s budget watchdog. UK stock markets would fall 5%, while the pound would plummet 10%. GDP would shrink by 2% by the end of 2020.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>London (CNN Business)Leaving the European Union later this year without a Brexit deal would plunge the United Kingdom into recession.The UK Office of Budget Responsibility (OBR) warned Thursday that &#8220;heightened uncertainty and declining confidence&#8221; would deter investment while higher trade barriers would slam exports. &#8220;These push the economy into recession, with asset prices and the&hellip;<\/p>\n","protected":false},"author":10,"featured_media":40156,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-40155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/40155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40155"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/40155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/40156"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}