IMF says Britain leaving the EU is a significant risk
- 8 years ago
Britain could deal a damaging blow to the fragile global economy if it votes to leave the European Union in June, the IMF said on Tuesday in the sharpest warning yet from a global body about the risks associated with Brexit.
In a half-yearly assessment of the world economy, the International Monetary Fund listed the June 23 referendum as a key risk alongside instability in China and other emerging markets, volatile share prices and a loss of long-term growth potential in advanced economies.
The Fund also cut its 2016 growth forecast for Britain to 1.9 percent from 2.2 percent, the sharpest downgrade for any major advanced economy other than Japan.
In a half-yearly assessment of the world economy, the International Monetary Fund listed the June 23 referendum as a key risk alongside instability in China and other emerging markets, volatile share prices and a loss of long-term growth potential in advanced economies.
The Fund also cut its 2016 growth forecast for Britain to 1.9 percent from 2.2 percent, the sharpest downgrade for any major advanced economy other than Japan.