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IMF Considers Brexit as ‘Serious Downside Risk’ for Global Growth - Lagarde

© REUTERS / Kim Kyung-HoonVisitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo.
Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo. - Sputnik International
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IMF Managing Director Christine Lagarde said that Brexit is one of the serious downside risks on the horizon of global growth.

WASHINGTON (Sputnik) — The International Monetary Fund (IMF) considers the possibility of the United Kingdom (UK) terminating its membership in the European Union (EU) bloc as a significant risk to the global economic growth, IMF Managing Director Christine Lagarde said in a press conference on Thursday.

"We have clearly elevated Brexit as one of the serious downside risks on the horizon of global growth," Lagarde stated. "We believe that the risk of exit of the United Kingdom is a serious concern."

Brexit - Sputnik International
IMF: Brexit Could Result in ‘Severe’ Regional, Global Damage
On Tuesday, IMF Chief Economist Maurice Obstfeld said Brexit could result in "severe" regional and global economic damage.

UK citizens are set to vote on June 23 in a referendum on the country's EU membership, after Prime Minister David Cameron and the leaders of the 27 European Union member states reached a deal in February to grant Great Britain a special status within the bloc.

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