Brexit Could Tip the Economy Into Recession, UK Treasury Says – Wall Street Journal

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LONDON—The U.K. economy could be plunged into a yearlong recession if Britons vote to leave the European Union in a referendum next month, the U.K. Treasury said Monday, in a new analysis that gives fresh ammunition to those campaigning to keep Britain in the 28-member bloc.

The treasury said the economy would likely experience “a profound shock” in the event Britons vote to leave the EU, which “would result in a marked…

Brexit Could Tip the Economy Into Recession, UK Treasury Says – Wall Street Journal