IMF: risk of UK exit from EU creates uncertainty for economy

IMF: risk of UK exit from EU creates uncertainty for economy

1 photo

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LONDON (AP) — The International Monetary Fund has offered Britain a glowing report on its economy, but warned that the potential for the country's exit from the European Union weighed on its outlook.

The conclusion revealed Friday in the IMF's annual assessment of the U.K. economy also warned about the rise of housing prices because of the possibility of "leaving some households vulnerable to income and interest rate shocks."

The IMF says Britain's economy looks to be running to "near capacity," with strong growth likely to continue over the next five years. Inflation, now at minus 0.1 percent annually, should gradually return to its 2 percent target.

But the report says the planned referendum on EU membership injects an element of uncertainty into the picture.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Related topics

The Associated Press


    Catch up on the top news and features from, sent weekly.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast