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IMF Says Brexit Would Trigger Stock Market And House Price Crash

The International Monetary Fund is warning that a vote to leave the European Union next month could prompt a stock market crash and steep fall in house prices. Christine Lagarde, the IMF managing director and the Bank of England governor Mark Carney also warn that Britain could fall into recession following a Brexit vote. All that’s on top of the world war that British prime minister David Cameron has warned about should Britain decide to leave the EU… Brexit fear mongering? or are we really doomed if we vote ‘out’? The Guardian reports: Lagarde, who was in London on Friday to present the fund’s annual health check on the UK economy, said it was possible the economy would shrink in two consecutive quarters, which is the definition of a recession. “We have looked at all the scenarios. We have done our homework and we haven’t found anything positive to say about a Brexit vote,” she said. The IMF said a panic among investors would trigger shockwaves throughout the economy following a vote to leave, sending shares and property prices into downward spiral. In a report that is clearly helpful to campaigners for Britain to remain in the EU, the it [...]