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The top UK economist at German lender Commerzbank said Brexit could be worse for the UK economy than most people expect

Top economist at Commerzbank warns of "even worse" than expected Brexit impact on UK economy. Expects that the economy will be largely "unexciting" in 2017 and 2018, but could suffer from Brexit output loss. Loss of output compared to if Britain had stayed in the EU to be more than 2% by end of 2018. A boost in exports, frequently cited by Brexit campaigners, is unlikely to materialise.
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