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No-Deal Brexit Would Hit U.K. Far More Than EU, ECB’s Rehn Says

Britain would suffer much larger economic damage than the euro area if it decided to part ways with the...

Speaking at a parliamentary hearing in Helsinki on Thursday, the Finnish governor cited a Bank of England analysis last November showing a…

That worst-case scenario has since been updated to show a 5.5 percentage drop in output.

“The contraction that would be felt in the euro area is small in comparison — our and the ECB’s estimate puts it between 10% and 30%” of the hit to the…

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