Bank of England Deputy Governor Dave Ramsden said on Thursday that he was more pessimistic on the UK economic growth forecast than the central bank, and cautioned that a "no-deal, no-transition" Brexit would be the biggest risk to the economy.
Ramsden said he is more pessimistic on GDP growth forecast than his colleagues on the Monetary Policy Committee. The policymakers sees more downside risks to productivity and is less optimistic about the recovery in investment.
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