Global Economic News

Carney Defends Bank Of England's Brexit Analysis

Bank of England Governor Mark Carney on Tuesday defended the central bank's analysis that a no-deal Brexit would cause a severe recession in the UK, the kind not even seen during the global financial crisis a decade ago.

The central bank and Carney faced lot of criticism with several pro-Brexit lawmakers accusing them of fear-mongering.

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by RTTNews Staff Writer

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