BlackRock's Hildebrand Says U.K. Simply Not Ready for a Hard Brexit

The video discusses the uncertainty and risks associated with a no-deal Brexit, highlighting the lack of clarity even as the deadline approaches. It emphasizes the UK's unpreparedness for a hard Brexit across various sectors and the potential economic impact. The discussion also touches on the challenges of predicting economic crises and the importance of avoiding policy mistakes in a fragile global economy.

What does the speaker suggest about the ability of economists and policymakers to predict crises?

What is the significance of avoiding a hard Brexit in the context of the global economy?