READ ALSO: German-British trade plummets as no-deal Brexit warnings intensifyA no-deal Brexit would create new barriers at UK-EU borders as both sides are legally required to levy tariffs and check goods for regulatory compliance, while trade in some services could be stopped or hindered. "Above all Germany, but also Italy and the Netherlands" would be hardest hit by a no-deal Brexit, the think-tanks found. READ ALSO: German economy is 'down on its knees': Is a recession looming? Looking ahead, the economists expect growth of 0.5 percent in 2019 and 1.1 percent in 2020 -- 0.3 and 0.7 percentage points lower compared with forecasts earlier this year. But "an economic crisis with marked capacity under-utilization should not be expected, even if downside risks to growth are currently high," the think-tanks said.

Source: The Local October 02, 2019 09:22 UTC