U.K. Will See a Recession in Next 12 Months, Says UCL Professor Mazzucato

The transcript discusses the potential for a UK recession, emphasizing the role of private debt and Brexit's impact on investment. It highlights the negative consequences of a no deal Brexit on business expectations and investment. The conversation shifts to Europe's economic challenges, noting the diverse situations across countries and the need for a common agenda to drive innovation and growth.

Discuss the concept of 'Japanification' in the context of Europe. What does it entail?

What are the differences in economic situations across European countries as mentioned in the text?