EU exit ‘largest near-term risk’ to British economy: IMF

EU exit ‘largest near-term risk’ to British economy: IMF


The International Monetary Fund has warned
that a British exit from the European Union could mean the UK misses out on up to five-point-six
percent of GDP growth by 2019. In its annual UK economic outlook, the IMF
said Brexit is the “largest near-term risk” to the UK economy.
It added that the economic effects would likely be “negative and substantial”.
In its best scenario for Brexit, by 2019 UK GDP would be one-point-four percent below
what it would be if the UK voted to stay in the EU.
Supporters of the “Leave” campaign says the warning is “based on flawed EU-centric models”.
The EU referendum will take place on Thursday. The result is expected early Friday morning,
UK time,… that’s late Friday afternoon to early evening here in Korea.

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