Brexit Could Increase 'Uncertainty' in Time of Global Economic Weakness, IMF Official Warns

The vote to leave the 28-member bloc could tip Europe back into recession and throw global financial markets into turmoil.

Supporters of the Vote Leave campaign cheer as they wait for Boris Johnson during the first day of a nationwide bus tour to campaign for a Brexit, Truro, U.K., May 11, 2016.
Luke MacGregor, Bloomberg

REUTERS – A British exit from the European Union would add to uncertainty at a time of global economic weakness, an International Monetary Fund (IMF) official said on Tuesday. 

"It's very hard to anticipate what those effects may be but that uncertainty would be a negative factor and come at a time when the global recovery remains slow and somewhat weak," David Lipton, first deputy managing director of the IMF, said at a news conference in Beijing. 

"That kind of uncertainty would be unhelpful." 

David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), speaks at a news conference in Beijing, China, June 14, 2016.
Jason Lee/Reuters

Britons will vote in a referendum on June 23 on whether to remain in the EU. 

A vote to leave the 28-member bloc, dubbed Brexit, could tip Europe back into recession and throw global financial markets into turmoil. 

Britain's "Leave" campaign has opened up a seven-point lead over "Remain" an opinion poll showed late on Monday, while the nation's biggest-selling newspaper urged readers to vote to quit the bloc.