U.K. Earnings Would Still Rise in a No-Deal Brexit, Citi Says
- Profit growth in 2020 seen cut to 5% versus 9% consensus
- Analysts would be ‘much more worried’ by global recession
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U.K. corporate earnings would still rise 5% next year even in the event that the nation leaves the European Union without a deal, because British companies generate so much of their sales outside the country, according to Citigroup Inc.