IMF Chief Christine Lagarde has once again spoken against the UK leaving the European Union. She has predicted “a sharp” drop in equity and house prices, increased borrowing costs and a sudden stop of investment inflows into commercial real estate and finance. “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 at a press conference at the Treasury in London on Friday. According to the IMF, the impact would range from "pretty bad to very, very bad." Lagarde has said she isn’t taking sides in the referendum debate, and has called Brexit an international rather than domestic issue. "We are not doing it out of politics, that is not the job of the IMF. We are doing it because there is a significant downside risk. It’s not just a domestic issue. It is an international issue. I don’t think in the last six months I have visited any country in the world where I have not been asked what will be the consequences,” said the IMF chief. The IMF has predicted higher volatility, triggered by a “protracted period of heightened uncertainty.” The UK is also facing“technical recession” of economic output contracting for two consecutive months, warned Lagarde, backing a warning from the Bank of England. Lagarde’s words have drawn criticism from Brexit proponents. IMF forecasts “are never right, it backed the euro and it didn’t see the financial crisis coming,” Arron Banks, co-founder of Leave.EU, told Bloomberg. If the world bank of the IMF is warning of consequences if the UK leaves the EU, then the people of the kingdom should only vote yes to tick off the globalist bankers. Let me remind you that if England moves out of the UK, they will only make their people safer, due to the Europeans Union's policy of continually allowing refugees into it's nation states after two large attacks. Next to the Federal Reserve the IMF banking giant is one of the sole reasons why the whole world has went into the oblivion of international debt. Pissing off the globalist bankers at the IMF might just be the beginning process that England needs to fix their economy and the wealth of their people.
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