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Britain could be forced to increase government spending in a no-deal Brexit, IMF says





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  • Britain may have to increase government spending in the event of a hard Brexit to protect UK citizens from the worst economic impacts of such an event, the International Monetary Fund (IMF) said.
  • In a report released ahead of the IMF’s annual conference, this year held on the Indonesian island of Bali, the fund said that the UK’s “pace of fiscal consolidation can be eased if risks materialize and growth slows sharply.”
  • The IMF also downgraded its outlook for the world economy, citing rising interest rates and growing concerns over a US-China trade war

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Source:: BusinessInsider.Com

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