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“For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK,” the Commission said.
I mean, it’s not great, but it’s also a long way from suicide.
https://www.reuters.com/article/uk-britain-eu-growth-idUSKBN2AB18K