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