No deal Brexit will bring 'recession'
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Hard Brexit means recession in 'three to four months’

Economist Mohamed El-Erian says he believes more time will be found for an EU-UK Brexit deal.

He told Hardtalk's Sarah Montague: "You cannot replace something with nothing. A hard Brexit tomorrow or in March would have enormous difficulty because you haven't put a replacement infrastructure in place yet. So the UK in my mind would got into recession."

He estimated that without a deal the UK would go into recession "within three to four months" of a hard Brexit.

You can see the Hardtalk interview in full on BBC World News and the BBC News Channel on Tuesday 13 November 2018 and after on BBC iPlayer (UK only)

  • 12 Nov 2018