Brexit: to weigh on UK GDP - Deutsche Bank

Analysts at Deutsche Bank explained that the long-term macro impact of Brexit on the UK is unclear; in the short-term uncertainty could weigh on growth.

Key Quotes:

"Macro impact of Brexit is difficult to estimate and highly dependent on nature of the post-Brexit deal.

In the short-term uncertainty is likely to weigh on spending and investment decisions in the UK.

The longer-term impact is highly uncertain – with a wide range of estimates having been put forward.

Scenarios at both extremes, catastrophe or strong positive impact, are unlikely

The macro impact of Brexit on the UK economy is very difficult to gauge – estimates range from slightly positive to very negative.

"GDP: Uncertainty hurts investment and consumer. Financial conditions tighten, partially offset by weaker GBP, easier monetary policy. Long-term uncertain; likely modestly negative."