Economics

Mark Carney Has His Hands Full No Matter How Brexit Goes

The Bank of England governor estimates that uncertainty has cut business investments by about 25%.

Bank of England Governor Mark Carney
Photographer: Leon Neal/Reuters

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By Francine Lacqua

October 25, 2019 at 4:01 AM UTC

This article is for subscribers only.

This article is part of the October 28, 2019 issue of businessweek.

How difficult is it to do forecasts right now?

One is doing scenarios as opposed to forecasts, because there are very different scenarios whether we have a smooth transition to a deeper trade relationship with the European Union versus whether we have no deal. You can’t just take those two scenarios and do the average and say that’s what’s going to happen.