Citigroup's Buiter: Hard Brexit Is Most Likely Outcome

The video discusses the potential economic downturn in the UK due to Brexit, highlighting the revised GDP growth and the likelihood of a hard Brexit. It examines the impact on the City of London, suggesting it may be less affected than other sectors. The UK's current account deficit is analyzed, with a focus on investment and savings. The discussion also covers the potential depreciation of the pound sterling under different Brexit scenarios. Finally, the uncertainty surrounding Brexit's true meaning and its political implications are explored.

What are the potential consequences of a hard Brexit on the UK's market access?

What factors could lead to a significant slowdown in capital expenditure and FDI in the UK?

How might the City of London be affected compared to other parts of the UK economy post-Brexit?

What are the implications of the UK's current account deficit as discussed in the text?

What does the term 'Banana Republic' imply in the context of economic stability?

In what ways could the depreciation of the pound affect the UK economy?

What does the speaker mean by saying 'Brexit means Brexit'?