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)