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IMF utters forth on Brexit

Isn't that sweet of them?

  • Brexit may hit equity, home prices and raise borrowing costs

  • Largest risks to UK surround referendum vote

  • Growth to rebound in H2 if Britain votes to stay in

  • Brexit uncertainty is hitting UK investment and hiring

  • Sees 2016 GDP below 2% then back to 2.25% in med-term

  • Post Brexit trade negotiations could take years

  • Brexit may cause contagion

  • BOE should wait for clear signals on inflation pressure before raising rates

  • BOE may need to cut rates and do more QE if risks of protracted weak growth and inflation undershooting materialise

Plenty of the usual stating the bleeding obvious from the IMF

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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