A no - deal Brexit would take close to 3 % off the UK 's economic growth in the next three years , according to the Organisation for Economic Co - Operation and Development ( OECD ) . The UK would suffer more than the EU if a deal is not struck , with the UK seeing just 0.6 % of growth , the organisation 's statistics say . Moreover , a lack of access to EU markets would probably force the UK into a recession in 2020 , according to the data , due to a decline in trade and outside investment , as well as reduced technical knowledge and a weakened pound .
A no-deal Brexit would take close to 3% off the UK's economic growth in the next three years, according to the Organisation for Economic Co-Operation and Development (OECD). The UK would suffer more than the EU if a deal is not struck, with the bloc losing just 0.6% of growth, the group's statistics suggest. Moreover, a lack of access to EU markets would probably force the UK into a recession in 2020, according to the data, due to a drop in trade and outside investment, as well as reduced technical knowledge and a weakened pound.