CLEAN : IMF warns Brexit would hit UK economy spark volatility 3

The transcript discusses the IMF's Article 4 assessment of the UK economy, highlighting the reasons for postponing the report's publication. It addresses significant downside risks, both domestic and international, with a focus on the economic consequences of Brexit. The uncertainty surrounding Brexit negotiations could lead to a prolonged period of economic instability, affecting investment, growth, and potentially causing a technical recession. The discussion also covers the current account deficit and its implications for the economy.

In what ways do the speaker's comments reflect the international nature of the economic issues discussed?

What is the significance of the term 'technical recession' in the context of the discussion?