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Global Economy: No Brexit shock absorber for UK this time

Reuters  |  LONDON 

By William SchombergLONDON (Reuters) - It might not feel like it, but Britain's economy got lucky after the shock of the Brexit referendum result in 2016.Although it quickly went from being the fastest-growing major rich economy to one of the slowest, the hit would have been worse if Britain's main trading partners in Europe hadn't started to grow strongly around the same time.Now, as Britain faces the risk of a chaotic no-deal Brexit from the European Union in March, it can no longer count on its neighbours to provide a shock absorber as fears of a global slowdown roil financial markets. ...

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First Published: Fri, December 07 2018. 20:51 IST