IMF chief highlights recession risk of no-deal Brexit

Christine Lagarde says disorderly exit of UK from EU would have ‘dire consequences’

The UK economy would rapidly start to contract in the event of a disruptive exit from the EU next spring, according to a stark International Monetary Fund report that highlights the recession risks of a no-deal Brexit.

Christine Lagarde, the IMF’s managing director, added that there would be costs to the UK under any outcome that involves leaving the EU.

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