European Union: British Vote and Britain Vote

european union: The IMF cut this year global growth forecast by 0.1 percentage points to 3.1 per cent in a report released this week due to the shockwaves of the British vote, said Christine Lagarde, according to The Toronto Star. Lagarde spoke after meeting with the Chinese premier, Li Keqiang, and leaders of the World Bank, the World Trade Organization and other bodies ahead of this weekend gathering of finance officials of the Group of 20 major economies. By Associated Press Fri., July 22, 2016 BEIJING—The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain vote to leave the European Union, which she said is dampening global economic growth. Our first and immediate recommendation is for this uncertainty surrounding the terms of Brexit to be removed as quickly as possible so that we know the terms of trade and the ways in which the United Kingdom will continue to operate in the global economy, Lagarde said at a news conference. Article Continued Below Unfortunately, the United Kingdom decided to go for Brexit, said Lagarde, a former French finance minister. Lagarde said that before the British vote, the IMF had been preparing to raise its global growth forecast by 0.1 percentage points due to improvement in Japan, China and the 17-country euro zone. (news.financializer.com). As reported in the news.