Nobel Laureate Spence Says Global Recession a 'Distinct Possibility'

The transcript discusses the hypothetical impact of Brexit if it had occurred three years ago, highlighting potential economic and global influence consequences for the UK. It evaluates the current state of the UK economy, noting its strengths in finance and technology despite Brexit. The discussion also covers the global economic outlook, emphasizing potential recession risks due to existing fragility and possible shocks.

What are the potential consequences for the British economy if the UK had exited the EU without a deal three years ago?

In what ways might Britain's global influence change if it remains outside the EU?

How does the speaker assess the current state of the UK economy despite political challenges?

What strengths has the UK economy developed over the last 30 years that may not be adversely affected by Brexit?

What factors could potentially lead to a global recession according to the speaker?