Economics
IMF Warns of No-Deal Brexit Risks as U.K.'s Time Runs Short
- Shape that exit will eventually take still ‘highly uncertain’
- Disorderly departure threat growing as Brexit day approaches
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The International Monetary Fund renewed its warning about the risks to the U.K.’s economic outlook if Britain leaves the European Union without a deal.
The Washington-based lender held its 2019 growth forecast at 1.5 percent, saying the fiscal stimulus announced in the Oct. 29 budget would likely help offset the damping effect which Brexit fears are having on the world’s fifth-biggest economy.