Also after 2020: low growth and low interest rates

Regardless of the outcome of the Brexit talks, there will be negative implications for the UK economy. For trade talks between the US and China are likely to come to a positive end and fiscal measures in China are likely to support the economy, as are measures from the Fed and the ECB. Looking forward: These measures will help to stabilise the economy but they will be no additional boost to it after 2020, while interest rates will remain low for a long period of time.