Tags: EU | Britain | Europe

IMF: Risk of UK Exit from EU Creates Uncertainty for Economy

Saturday, 12 December 2015 11:18 AM

LONDON (AP) — The International Monetary Fund has offered Britain a glowing report on its economy, but warned that the potential for the country's exit from the European Union weighed on its outlook.

The conclusion revealed Friday in the IMF's annual assessment of the U.K. economy also warned about the rise of housing prices because of the possibility of "leaving some households vulnerable to income and interest rate shocks."

The IMF says Britain's economy looks to be running to "near capacity," with strong growth likely to continue over the next five years. Inflation, now at minus 0.1 percent annually, should gradually return to its 2 percent target.

But the report says the planned referendum on EU membership injects an element of uncertainty into the picture.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
The International Monetary Fund has offered Britain a glowing report on its economy, but warned that the potential for the country's exit from the European Union weighed on its outlook.The conclusion revealed Friday in the IMF's annual assessment of the U.K. economy also...
EU,Britain,Europe
124
2015-18-12
Saturday, 12 December 2015 11:18 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved