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10.05.2016 22:34

NIESR: Britain’s exit from the European Union would be a shock for the country’s economy

The National Institute of Economic and Social Research (NIESR) said on Tuesday that Britain's exit from the European Union (EU) would be a shock for the country's economy. The economy would expand 1.9% next year, lower than 2.7% growth if Britain remains in the EU.

The pound would depreciate in the longer-term, declining to close to parity with the euro by 2030.

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  • Eurozone Composite PMI fell from 52.7 in November to 51.3 in December, its lowest since November 2014
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