U.K. Will See a Recession in Next 12 Months, Says UCL Professor Mazzucato

The transcript discusses the potential for a UK recession, emphasizing the role of private debt and Brexit's impact on investment. It highlights the negative consequences of a no deal Brexit on business expectations and investment. The conversation shifts to Europe's economic challenges, noting the diverse situations across countries and the need for a common agenda to drive innovation and growth.

What is the primary reason for the potential UK recession discussed in the video?

• Investment-driven growth

• Consumption-led growth fueled by private debt

• Government spending cuts

• High export rates

How does Brexit affect the UK's economic growth expectations?

• It increases growth expectations

• It has no effect on growth expectations

• It reduces growth expectations

• It stabilizes growth expectations

What is the expected impact of a no-deal Brexit on UK business investment?

• It will boost investment

• It will have no impact

• It will be disastrous for investment

• It will slightly decrease investment

What is the main issue with the term 'Europe' in the context of economic challenges?

• It focuses too much on innovation

• It emphasizes only the financial crisis

• It accurately represents the economic situation

• It masks the diverse realities across different countries

What is necessary for Europe to become more innovative according to the video?

• A common political and economic agenda

• Increased public spending on research and development

• A focus on deficit reduction

• Higher taxes on technology companies