CLEAN : Recession likely for UK after Brexit: Analyst

The video discusses the renewed market sell-off following recent news, highlighting investor reactions and the statement by George Osborne, which provided some continuity. It examines the fragile economic recovery, built on confidence, and predicts a weaker short-term outlook for the British economy. The medium and long-term outcomes depend on the UK's deal with Brussels, with speculation on political benefits, particularly for Boris Johnson. The video anticipates increased volatility and a potential recession, though not as severe as 2008, with job layoffs until a clear roadmap for the UK's global position is established.

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