IMF warned of risk from Brexit amidst gloomy global growth forecast


Posted on:15 Apr 2016 09:27:21

IMF warned of risk from Brexit amidst gloomy global growth forecast
15 April 2016 Current Affairs:

The term Brexit, made with combination of two words ‘Britain’ and ‘Exit’, was in news in second week of April 2016. It came in news after International Monetary Fund (IMF) on 12 April 2016 warned of risks of Brexit or Britain’s exit from the European Union (EU) amidst cutting the global growth forecast.IMF said if the voters of Britain opt to leave the EU that the referendum could do severe regional and global damage by disrupting established trading relations.Brexit is a political aim of some advocacy groups including individuals and political parties like justice secretary, Michael Gove, and London's mayor Boris Johnson in the United Kingdom (UK), who believe that Britain leaving the EU will be in favour of them.The demand for it gained momentum largely because of Europe’s migration crisis and the interminable euro mess. Some recent surveys even find a majority of Britons wanting to leave.This led to Britain’s Prime Minister David Cameron on 20 February 2016 declaring to hold a referendum on the country's membership of the EU on 23 June 2016 following the passing of the European Union Referendum Act 2015.




Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs June 2017

23 JUNE
NEWS
22 JUNE
NEWS
21 JUNE
NEWS
20 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS