No-deal Brexit would hit UK economy, says IMF

09/17/2018

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Kamal Ahmed | BBC News

No-deal Brexit would hit UK economy, says IMF

The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy.

The IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”. The challenges in getting a deal done were “daunting”, it said. The IMF expects Britain’s economy to grow by 1.5% in both 2018 and 2019 if a broad Brexit agreement is struck. The predictions came in the IMF’s latest annual assessment of the UK economy. Read more here.