Brexit : IMF warns of repercussions for global economy
Posted on:04 Jul 2016 09:43:08
Free Current Affairs to Your Email
04 July 2016 Current Affairs: The International Monetary Fund (IMF) has warned that United Kingdom’s decision to leave the European Union (EU) has created significant uncertainty. The uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions for Europe and the global economy.
IMF predicts that macroeconomic and financial market impacts in the UK and EU due to Brexit will radiate outward across the globe. The impacts of Brexit will lead to a rising level of uncertainty, both financial and possibly political in EU and UK.
IMF has urged policy makers to remain prepared to act to counter financial market turbulence and higher uncertainty to materially weaken the global outlook. Prolonged periods of uncertainty and associated declines in business and consumer confidence due to Brexit would lead to lower growth.
IMF has urged policymakers in EU and UK to play key role in helping to reduce the uncertainty during this period. It also has encouraged UK and EU to work together with a sense of collaboration in an effort to effect a predictable and smooth transition.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.