Brexit: IMF warns of repercussions for global economy

The International Monetary Fund has warned that Britain's decision to leave the European Union has created significant uncertainty.  This uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions also for Europe and the global economy. 

The IMF said policy makers needed to stand ready to act if the impact of financial



market turbulence and higher uncertainty threaten to materially weaken the global outlook. 

It added that it strongly supports the commitments made, and steps taken by major central banks, including the Bank of England, the European Central Bank, the US Fed and the Bank of Japan, among others, to provide liquidity and curtail excess financial volatility.