lagarde warns brexit could spark recession
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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Lagarde warns Brexit could spark recession

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Themuslimchronicle, themuslimchronicleLagarde warns Brexit could spark recession

London economy
London - Arab Today

Britain's possible departure from the European Union represents a "significant downside risk" and could potentially push the nation into recession, International Monetary Fund chief Christine Lagarde warned Friday.

"A technical recession is one of the probabilities in the downside scenario in case of a Leave vote," Lagarde told reporters following publication of the IMF's update on the British economy, mirroring comments made on Thursday by Bank of England governor Mark Carney.

 
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