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Brexit hit to UK would be from 'pretty bad to very, very bad' - IMF΄s Lagarde

Brexit hit to UK would be from 'pretty bad to very, very bad' - IMF΄s Lagarde

The hit to Britain΄s economy if it votes to leave the European Union would range from "pretty bad, to very, very bad", International Monetary Fund Managing Director Christine Lagarde said on Friday (13/05/2016).

"Depending on what hypotheticals you take, it's going to be pretty bad to very, very bad," Lagarde said at a press conference in London.

Earlier, the IMF said Britain risks falling into a self-reinforcing cycle of weaker economic growth and lower house and share prices if voters opt to leave the EU in a June 23 referendum.

Source: reuters.com

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