IMF’s Lagarde Says Being in EU Has Made U.K. Economy Richer
- IMF Managing Director gives speech on referendum in Vienna
- Message reiterates previous warning on risks of Brexit
Christine Lagarde, managing director of the International Monetary Fund (IMF), speaks during the event 'Finance in a Dialogue - Challenges in Europe' at the Hofburg Palace in Vienna, Austria, on Friday, June 17, 2016. Photographer: Lisi Neisner
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International Monetary Fund Managing Director Christine Lagarde warned the U.K. of the risks of leaving the European Union and said there was a clear economic argument for remaining part of the bloc.
EU membership has brought jobs and income gains to Britain and helped make the country a “dynamic and vibrant economy,” Lagarde said in the prepared text for a speech in Vienna on Friday. European integration has lifted trade and investment and raised productivity and incomes, she said.