U.K. May Be Heading for Its First Recession Since 2009: Chart

The U.K. economy may be heading for its first recession since 2009, with economists slashing their forecasts in the wake of the Brexit vote. The probability of Britain sliding into recession stands at 40 percent, up from 18 percent in June, according to a Bloomberg survey, which was conducted after the Bank of England kept policy on hold on July 14. That’s the highest since Bloomberg started tracking the likelihood in 2012.

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