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No deal Brexit will bring 'recession'

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.

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