1. Brexit uncertainty a negative factor at time of global weakness: IMF

Brexit uncertainty a negative factor at time of global weakness: IMF

A British exit from the European Union would add to uncertainty at a time of global economic weakness, an International Monetary Fund (IMF) official said on Tuesday.

By: | Beijing | Published: June 14, 2016 2:54 PM
brexit Britons will vote in a referendum on June 23 on whether to remain in the EU. (Reuters)

A British exit from the European Union would add to uncertainty at a time of global economic weakness, an International Monetary Fund (IMF) official said on Tuesday.

“It’s very hard to anticipate what those effects may be but that uncertainty would be a negative factor and come at a time when the global recovery remains slow and somewhat weak,” David Lipton, first deputy managing director of the IMF, said at a news conference in Beijing.

Also Read: Brexit could bring collapse of Western civilisation: Donald Tusk

“That kind of uncertainty would be unhelpful.”

Britons will vote in a referendum on June 23 on whether to remain in the EU.

A vote to leave the 28-member bloc, dubbed Brexit, could tip Europe back into recession and throw global financial markets into turmoil.

Britain’s “Leave” campaign has opened up a 7-point lead over “Remain” an opinion poll showed late on Monday, while the nation’s biggest-selling newspaper urged readers to vote to quit the bloc.

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