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IMF warns Brexit would hit UK economy, spark volatility

14 May 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

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AFP- The International Monetary Fund warned yesterday 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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