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Bank of England warns of effects of Brexit deal on British economy

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The Bank of England has warned of its outlook for the country’s economic growth, citing Boris Johnson’s Brexit deal.

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“While policy news goes hand in hand with the economic outlook, it is important to wait and see the bigger picture, which is not optimistic”, Bank Governor Mark Carney told a news conference.

The Monetary Policy Committee expected a decline in GDP by about 1% by the end of 2022, compared with expectations in August.

The committee attributed part of the decline to the impact of the proposed Brexit agreement.

Read also: Trump criticizes Johnson’s Brexit deal

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Robert Frank
Robert Frank
Robert started his career as a freelance content writer. Now, He is the founder of widely-recognized PR Agency. Robert still writes news pieces on various publications.
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