IMF warns Brexit would hit UK economy, spark volatility

GMT 10:00 2016 Friday ,13 May

Arab Today, arab today IMF warns Brexit would hit UK economy, spark volatility

The International Monetary Fund
London - Arab Today

The International Monetary Fund warned Friday that Britain's potential exit from the European Union would weigh on economic activity and spark markets volatility. 

"A vote for exit would precipitate a protracted period of heightened uncertainty, leading to financial market volatility and a hit to output," the IMF said in a report, but added the economy would rebound in the second half of this year if Britain voted to remain in the EU membership referendum on June 23.

 
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