Brexit countdown: IMF chief gives no-deal warning

The International Monetary Fund warns of major problems for the UK head if it fails to agree on an exit deal with the European Union.

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    The head of the International Monetary Fund (IMF) has warned that a "no deal" exit from the European Union will come at a substantial economic cost to the UK.

    Christine Lagarde says the UK's growth rate will be less than half the global average, even if an agreement for a smooth Brexit transition is reached.

    The economic situation in the event of a "no deal" exit? Lagarde called the consequences "dire" should there be a disorderly withdrawal from the EU.

    Al Jazeera's Paul Brennan reports from central London.


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