United Kingdom — 2016 Article IV Consultation Concluding Statement of the Mission

The International Monetary Fund (IMF) published its 2016 assessment of the UK economy on the 13 May 2016 [United Kingdom — 2016 Article IV Consultation Concluding Statement of the Mission]. In her comments the IMF Managing Director Christine Lagarde said that a vote by the UK to leave the European Union would have 'pretty bad, to very, very bad' consequences.

Vote Leave said the IMF had been wrong in the past and were 'wrong now'. Britain Stronger in Europe said: 'This is yet another economic expert that agrees Britain is stronger in Europe, adding to the comments of the Bank of England'.

• Primary Source

ESO: Background information: IMF: EU exit could cause severe damage http://www.europeansources.info/record/imf-eu-exit-could-cause-severe-damage/

Vote Leave: News, 13.05.16: EU-funded IMF being used to bully the British people http://www.voteleavetakecontrol.org/eu_funded_imf_being_used_to_bully_the_british_people

Britain Stronger in Europe: News, 13.05.16: IMF on Brexit: 'pretty bad to very, very bad' http://www.strongerin.co.uk/imf_on_brexit_pretty_bad_to_very_very_bad#4hbzBKAm06CI1kBa.97

BBC News, 13.05.16: IMF says Brexit 'pretty bad to very, very bad' http://www.bbc.co.uk/news/business-36284200

ESO: Background information: Brexit vote may spark recession, Mark Carney warns http://www.europeansources.info/record/brexit-vote-may-spark-recession-mark-carney-warns/

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

The Guardian, 13.05.16: Brexit would prompt stock market and house price crash, says IMF https://www.theguardian.com/business/2016/may/13/imf-warns-stock-market-crash-house-price-fall-eu-referendum-brexit

UK: GOV.UK: HM Treasury: Speech, 13.05.16: IMF Article IV concluding statement: Chancellor's remarks https://www.gov.uk/government/speeches/imf-article-iv-concluding-statement-chancellors-remarks

Politico, 13.05.16: IMF chief: Nothing positive for UK from Brexit http://www.politico.eu/article/economy-imf-chief-nothing-positive-for-uk-from-brexit-eu-referendum/

BBC News, 18.06.16: IMF says EU exit 'largest near-term risk' to British economy http://www.bbc.co.uk/news/business-36561720

IMF: IMF Survey, 17.06.16: Uncertainty Clouds the United Kingdom’s Economic Prospects http://www.imf.org/external/pubs/ft/survey/so/2016/car061716a.htm

IMF: United Kingdom - Selected Issues, No.16/169: Macroeconomic implications of the United Kingdom leaving the European Union http://www.imf.org/external/pubs/cat/longres.aspx?sk=43980.0

Politico, 16.06.16: IMF: Britain will be materially worse off if it backs Brexit http://www.politico.eu/article/imf-britain-will-be-materially-worse-off-if-it-backs-brexit/

BBC News, 19.07.16: Brexit throws 'spanner in the works' of global growth http://www.bbc.co.uk/news/business-36834977

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