fears grow
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In its Out and Down: mapping the impact of Brexit report, the EIU warned the damage from a decision to leave the EU would be felt until at least 2020.
Analysts at the thinktank claim the UK economy would shrink 1% next year in the event of Britain voting to leave in the 23 June referendum. That would be the first contraction in annual GDP since the depths of the financial crisis in 2009.
By 2020, the economy would be 6%, or £106bn, smaller than it would have been had it stayed in the EU, as the UK grappled with a “highly disruptive period in the country’s history”, the EIU said.