IMF says Brexit uncertainty a top risk to global economy
June 30, 2016 21:24
The International Monetary Fund said on Thursday that Britain's shock vote to leave the European Union a week ago has created uncertainty that poses a major threat to the global economy.
"We see the uncertainty right now as probably the biggest risk to the global economy," said IMF spokesman Gerry Rice, calling on European leaders and other policymakers to take "decisive" actions that could lower the threat.
The European Union and Britain face negotiations on the Brexit that are expected to be difficult and protracted.
European Union leaders say that until Britain formally begins exit proceedings, no talks can begin - formally or informally - on resetting Britain's ties with the EU, a process meant to last two years.
British Prime Minister David Cameron, who resigned after the June 23 Brexit vote, has resisted pressure to immediately activate the Article 50 mechanism to leave the EU, saying he is leaving it to his successor, who will not be named until September 9.
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