IMF / BREXIT

30-Jun-2016 00:01:42
The International Monetary Fund (IMF) said that the consequences of Britain’s vote to leave the European Union present a key risk to the global economy. IMF
Size
Format
Acquire
N/A
Hi-Res formats
DESCRIPTION
STORY: IMF / BREXIT
TRT: 01:42
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 30 JUNE 2016, WASHINGTON, DC
SHOTLIST
1.Wide shot, briefing room
2.SOUNDBITE (English) Gerry Rice, Chief Spokesperson, International Monetary Fund (IMF):
“We see the near-term risks for the UK, EU and the global economy arising mainly from the macroeconomic and financial market impact of a sizable increase in uncertainty, including on the political front. One notable source of this uncertainty concerns the terms of the future relationship between the UK and the EU.”
3.Wide shot, briefing
4.SOUNDBITE (English) Gerry Rice, Chief Spokesperson, International Monetary Fund (IMF):
“We think policymakers need to stand ready to act should the impact of financial market turbulence and higher uncertainty threaten to material weaken the global outlook. Decisive policies will make a difference.”
5. Med shot, reporters
6. SOUNDBITE (English) Gerry Rice, Chief Spokesperson, International Monetary Fund (IMF):
“Brexit has created significant uncertainty and we believe this is likely to dampen growth in the near term, particularly in the U.K. but with repercussions also for Europe and the global economy. Prolonged periods of uncertainty and associated declines in consumer and business confidence would mean even lower growth.”
7. Wide shot, briefing room
STORYLINE
The International Monetary Fund said Thursday (30 Jun) that the consequences of Britain’s vote to leave the European Union present a key risk to the global economy.

IMF spokesperson Gerry Rice said “we see the near-term risks for the UK, EU and the global economy arising mainly from the macroeconomic and financial market impact of a sizable increase in uncertainty, including on the political front. One notable source of this uncertainty concerns the terms of the future relationship between the UK and the EU.”

Rice said those uncertainties relate to how long it will take the new terms of the relationship to be negotiated and how the new relationship will impact businesses in the UK and EU. He called for both to work collaboratively toward a smooth and predictable transition. He also called on policymakers to be prepared to take quick action if necessary.

He also said “we think policymakers need to stand ready to act should the impact of financial market turbulence and higher uncertainty threaten to material weaken the global outlook. Decisive policies will make a difference.”

Rice noted that the IMF is monitoring the situation closely and engaging with its member nations to maintain stability in the period ahead.

He added “Brexit has created significant uncertainty and we believe this is likely to dampen growth in the near term, particularly in the U.K. but with repercussions also for Europe and the global economy. Prolonged periods of uncertainty and associated declines in consumer and business confidence would mean even lower growth.”
Category
Topical Subjects
Geographic Subjects
Source
Alternate Title
unifeed160630g