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IMF praises UK economy, but warns of risks
15 Dec '15
3 min read
While the UK continues to benefit from record low interest rates, "maintaining deficits and debts at these levels would constrain the space to respond proactively to future large negative growth shocks," the IMF noted.
The IMF said there were "other uncertainties that may affect the outlook," such as a planned referendum on EU membership which "could weigh on the outlook" and a presumed recovery in productivity growth which, it said, could fail to materialize.
IMF Managing Director Christine Lagarde said she “very, very much” hoped the UK remained within the European Union. (SH)
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