IMF pessimistic over UK’s post-Brexit future
The larger the impediments to trade in the new relationship, the costlier it will be, IMF head says
No possible Brexit scenario will be as beneficial to the UK economy as staying within the European Union and all will have greater costs to the UK than remaining, the International Monetary Fund’s managing director has warned.
In a speech on September 17, Christine Lagarde presented the conclusion of the IMF’s annual Article IV assessment of the UK economy.
Lagarde’s remarks echoed those of the Bank of England governor, Mark Carney, saying the UK’s withdrawal from the EU is the most
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