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Carney Warns Brexit Risks Causing Recession

  • Governor says stimulus to offset demand shock would take time
  • Says risks include lower capital inflows, higher bank costs
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Could Brexit Spark a Recession?

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Mark Carney said a vote to leave the European Union could cause a U.K. recession and that any monetary-policy response would take time to work, in his strongest warning yet of the risks in the June 23 referendum.

QuickTake Will Britain Leave the EU?