×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
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 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

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