domingo, 15 de mayo de 2016

The IMF warns that the UK economy will suffer if you leave the EU


The International Monetary Fund (IMF) warned that a vote for the departure of UK EU - "brexit" - in the referendum on June 23 I could have a "negative" and "considerable" impact on the British economy .

The IMF Managing Director, Christine Lagarde, presented in London today a report on the economic situation in the UK, in which it warns that the country would suffer an "extended period of uncertainty" and a decrease in commercial transactions, plus volatility in financial markets.

The analysis indicates that the conclusion of the consultation and has an "impact" on investment and recruitment.

Lagarde brandished the "brexit" carries a "downside risk" to the economy and the prospect of withdrawal is causing "anxiety throughout the world."

The IMF points out, however, that the decision on whether the UK should or should not leave the European bloc is something that concerns the British electorate and that the decision it takes "reflect the economic and non-economic factors."

He adds that it is likely that the reaction of global markets to the "brexit" is "negative" and even "could be serious".

"A vote for the brexit could precipitate a prolonged period of uncertainty, leading to volatile financial markets and a blow to the production period," he insists.

At the same time, the Fund warns that a new trade agreement with Europe could be "unresolved for years" with an effect on investment and the economy.

In his paper, it highlights even London's position as a global financial center could be "eroded" since some companies based in the UK could eventually move into continental Europe.

The -puntualiza- markets could not wait to see the impact of "brexit" in the economy and react negatively, which can give way to a fall in housing prices, an increase in borrowing costs for families and the business sector, and even a sudden stop the flow of investment in sectors such as finance and commercial property.

The "brexit" could have an impact particularly on the British domestic market, explains the IMF.

The agency gave this warning after the Bank of England indicate yesterday that the possible departure of UK EU will slow the growth of the British economy.

In its latest quarterly report, the issuing bank said yesterday that confirmed the break in London with Brussels in June referendum would cause a "drastic" devaluation of the pound and an important rise in inflation, among other negative factors.

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