IMF’s Lagarde says no-deal Brexit is ‘obviously the worst case scenario’: CNBC

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the opening ceremony for the first China International Import Expo (CIIE) in Shanghai
FILE PHOTO – International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the opening ceremony for the first China International Import Expo (CIIE) in Shanghai, China November 5, 2018. REUTERS/Aly Song/Pool

January 22, 2019

(Reuters) – IMF Managing Director Christine Lagarde told CNBC on Tuesday that Brexit poses uncertainty for Europe and UK and that a no-deal Brexit is “obviously the worst case scenario”.

The IMF had warned in November that a no-deal Brexit would cost Britain 6 pct of GDP. The United Kingdom is due to leave the European Union on March 29.

(Reporting by Kanishka Singh in Bengaluru; Editing by Jon Boyle)

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