05:06 GMT +313 November 2019
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    The seal of the International Monetary Fund is seen at the headquarters building in Washington, DC on July 5, 2015

    IMF Not Ready to Project Economic Effects of Brexit Yet

    © AFP 2019 / MANDEL NGAN
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    IMF Research Department Director Maurice Obstfeld said that the IMF can not make forecast for the economic effects of Brexit for the United Kingdom.

    LONDON (Sputnik) — The International Monetary Fund (IMF) is not ready to make any prediction about the economic effects of the United Kingdom exiting from the European Union, IMF Research Department Director Maurice Obstfeld said Tuesday.

    Cameron pledged ahead of his Conservative Party's victory in the May 2015 general election to hold a nationwide referendum by the end of 2017 on the United Kingdom's membership of the European Union.

    "We haven't done an analysis yet of the economic impact, so it seems premature to factor this in at this time," Obstfeld said at press conference, adding that the IMF would be able to research the issue once a UK deal was on the table.

    In December, the IMF named a so-called Brexit as one of the main risks to the UK economy, along with the growth of house prices and gross government debt, which has reached 87 percent of GDP.

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    International Monetary Fund, Brexit, Maurice Obstfeld, United Kingdom
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