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IMF warns of 'sharp declines' in asset prices if there is 'disorderly Brexit'

Real incomes have already been hit by Brexit headwinds, according to an analysis from global lender of last resort the International Monetary Fund (IMF).
The IMF predicts that the UK economy will grow at a rate of 1.5pc in 2018 and 2019 if it secures a free trade agreement with the EU, post-Brexit.
Brexit had resulted in businesses investing at a lower rate than would otherwise had been expected, the IMF said.
This had been partly responsible for moving the UK near the bottom of the G7 economic league table with growth of around 1.75pc in 2016-2017, according to the global lender’s analysis.
IMF warns of 'sharp declines' in asset prices if there is 'disorderly Brexit'

IMF Managing Director Christine Lagarde
Credit:
 Andrew Harrer/Bloomberg
In its regular healthcheck - the so called IV assessment of the UK economy - the IMF also warned that there...
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