​​​
  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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top