The IMF has warned that a “Brexit” would prompt “major challenges” and an extended period of economic uncertainty, which would damage confidence and investment, increase market volatility and hurt trade and growth.
Maurice Obstfeld, the IMF’s chief economist added, that if the UK votes to leave the exit negotiations will take time and exacerbate problems in an already sluggish global economy.
World Economic Outlook 2016 by Maurice Obstfeld pic.twitter.com/3JaC4UoxA6— Lena Argiri (@lenaargiri) April 12, 2016
The IMF is right – leaving the EU would pose major risks for the UK economy. We are stronger, safer and better off in the European Union.— David Cameron (@David_Cameron) April 12, 2016
“A Brexit vote would lead to a two year process of renegotiation in which it seems unlikely, we can’t presuppose what would happen, that Britain’s status with respect to access to EU would not change. This would have a big affect on the UK, its European partners, in fact countries more globally that are integrated into the current set of arrangements”