Brexit: IMF Warns Of Consequences For Global Economic Climate

The International Monetary Fund has cautioned that The United Kingdom’s decision to exit the European Union has created significant uncertainty.

This specific uncertainty is probably going to lower growth in the in the vicinity of time period, particularly in the Britain, but with consequences also for European countries and also the global economic climate.

The IMF stated Policy Makers found it necessary to stay prepared to act if the impact of financial Market disturbance and higher uncertainty jeopardize to materially damage the global prospect.

It included that it firmly supports the commitments made, and measures taken by major Central Banks, including the Bank of England, the European Central Bank, the US Fed and the Bank of Japan, among others, to provide liquidity and deal with unwanted financial movements.