Some have accused the International Monetary Fund (IMF) of fear-mongering, but the organization’s data are clear: If the United Kingdom votes to leave the European Union, troubled times are ahead.
Whether it’s a “limited scenario”—where Brexit occurs, but a new relationship is quickly negotiated—or an “adverse scenario”—where Brexit leads to drawn out negotiations and a return to World Trade Organization rules—the group predicts a devastating impact on GDP growth, employment, inflation, and other leading indicators.
As the world awaits the outcome of the vote, these numbers are only hypothetical. Depending on how that vote goes, they may become reality—and the IMF’s fear-mongering will have been warranted.
Infographic by Sam Syed.