OECD chief downplays possibility of no-deal Brexit amid rising uncertainty

Britain is unlikely to leave the European Union without a divorce deal, the Secretary-General of the Organization for Economic Cooperation and Development said on Friday. "We are not including a hard Brexit in our calculations," Angel Gurria told reporters in Sweden.

The OECD is a club of mostly rich countries that produces policy recommendations and economic forecasts. Gurria said Brexit would have costs, particularly for Britain, but: "I do not believe these disaster scenarios are going to materialize."