Britain's possible departure from the European Union represents a "significant downside risk" and could potentially push the nation into recession, International Monetary Fund chief Christine Lagarde warned Friday.
"A technical recession is one of the probabilities in the downside scenario in case of a Leave vote," Lagarde told reporters following publication of the IMF's update on the British economy, mirroring comments made on Thursday by Bank of England governor Mark Carney.
GMT 18:40 2017 Monday ,24 AprilHollande 'will vote Macron', calls Le Pen 'risk' for France
GMT 09:35 2017 Monday ,24 AprilGerman DAX stock market index hits new all-time high
GMT 08:13 2017 Monday ,24 AprilFirst large-scale malaria vaccine trials for Africa
GMT 08:11 2017 Monday ,24 AprilPentagon chief Mattis makes unannounced Afghan visit
GMT 07:29 2017 Monday ,24 AprilEuropean stocks surge at open on French vote result
GMT 07:27 2017 Monday ,24 AprilAfghan defence minister, army chief resign after Taliban attack
GMT 06:12 2017 Monday ,24 AprilPhilips posts first quarter jump in profits
GMT 06:10 2017 Monday ,24 AprilIn call with Trump, Xi urges 'restraint' on N. Korea