InsiderBusinessUK economy will shrink without Brexit deal - IMF

UK economy will shrink without Brexit deal – IMF

Britain’s economy will shrink if the country leaves the European Union next year without a Brexit deal and any deal will leave the country financially worse off than staying in, the International Monetary Fund said on Monday.

The IMF said it expected Britain’s economy would grow by about 1.5 percent a year in 2018 and 2019 if a broad Brexit agreement was struck, compared with about 1.75 percent if it had stayed in.

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