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IMF chief says Brexit delay averts 'terrible outcome'

The six-month delay of Britain’s exit from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday.

IMF chief says Brexit delay averts 'terrible outcome'
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  • Shared by Reuters
  • April 12, 2019
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Moreover, the just-struck arrangement would not resolve the issues between Britain and the EU, IMF Managing Director Christine Lagarde said at a news conference during the IMF and World Bank spring meetings in Washington.

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