Lagarde draws a bleak picture if ‘Brexit’ – Yahoo Finance Spain

The Managing Director of International Monetary Fund (IMF), Christine Lagarde, said Friday that there would be absolutely nothing positive in the British departure of the Union European and said it is an issue that concerns everyone.

the output of the UK as a result of the referendum of June 23 “would be an important risk” for the global economy, Lagarde said at a conference in London. “It is a national issue, it is an international issue,” he said.

In the analysis of the situation after a possible British exit from the EU nothing appears positive, Lagarde said, “everything goes’ rather bad ‘to’ very, very bad. ‘ “

” in the last six months, I think I have been in one country in the world where they have not asked me what the economic consequences would be’ Brexit ‘ “, told the head of the IMF. “One hypothesis if output is a technical recession” of the British economy, quoted Lagarde as an example.

The intervention of Lagarde coincides with the publication of the annual report of the IMF on the British economy , dedicated this time to the consequences of an exit from the EU.

within 40 days of the referendum of June 23, the report warns that “the output would entail a prolonged period of uncertainty period, bring volatility financial and impact the growth “markets.

Based on expert analysis, the IMF estimated that the Gross Domestic Product British would be between 1.5% and 9.5% lower in case of departure and he said that London could lose its status as a global financial center.

“Another risk is that markets could anticipate the harmful consequences, with an abrupt reaction to the victory of the option to leave the EU to accelerate the emergence of these costs,” added based institution Washington

in the act of Lagarde, the British Finance Minister, George Osborne, intervened to delve into the dangers of ‘Brexit’. “if we vote for leave, the British families will become poorer, and the United Kingdom will be poorer. ”

The IMF warning comes the day after the Bank of England (BoE (Shenzhen: 200725.SZ – news)) noted Thursday that the uncertainty created by the referendum is already weighing on growth. “There are growing signs that the uncertainty related to the referendum on the EU has started despite the activity” economically, said the institution after announcing that leaves interest rate guideline at 0.5%.

the victory leaving the EU, ‘Brexit’, “could materially alter the outlook for output and inflation,” continued the Bank of England.

the central bank forecast that growth domestic product Bruto (PIB) will be 2% in 2016, two tenths less than what was expected in February. In 2017, estimated that will be 2.2%, one tenth less than in its previous estimate

.