Saturday 18 June 2016

"IMF": Britain's economy will be affected negatively if you are leaving the European Union



LONDON (Ina) - International Monetary Fund said Friday (June 17, 2016), said that Britain out of the EU would have the effect of "negative and significant" to the UK economy , which has suffered from next year downturn. 
This came in the assessment of the experts of this international financial body during the annual study of the British economy, one week before the referendum on Britain 's membership in the European Union ,which will take place in June 23. 
these experts were of the view that if the referendum decided the British exit from the European Union, it will lead to " a long period of uncertainty which may affect confidence and investment and increase the volatility of the financial markets since the negotiations on the new conditions may last years. " 
In a separate report entitled" major economic consequences to leave the United Kingdom and theEuropean Union ", the Fund has two possibilities for the results of the referendum mode, the first" limited scenario "and the second" not encouraging "in the case of " not been well "out of the union negotiations. 
in the first case, it will slow the growth of total UK GDP to reach 1.7 percent this year and 1.4 percent in 2017 instead of 1.9 percent and 2.2 percent expected in the current situation. 
according to the second scenario, the British economy will suffer from the contraction in 2017 (minus 0.8 percent) before it improves and rises to +0.8 percent in 2018, as forecast by the international Monetary Fund experts. 
An official in the fund, according to Agence France - Presse, that "in the event of a scenario is not encouraging, the consequences will be negative growth." 
the unemployment rate , which is currently estimated Bouksmh percent in 2017, will rise to 5.3 percent in 2017 in the first scenario and 6.5 percent in The second scenario.

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