Trade fights, objections in France and Italy’s plight are all possible dangers for the world’s economy

IMF says no-deal Brexit dangers two-year recession

Back in the autumn of 1976, the International Monetary Fund accommodated its annual see in Manila in the Philippines. Britain’s chancellor at the time, Denis Healey, was on the guest list but exclusively compiled it as far as Heathrow before a keep going the pound pushed him to return to his desk.

Memories of that incident have been rekindled by the timing of this year’s IMF spring meeting, with finance ministers and central bank ministers of the G7 due to meet on Friday, the day on which it continues to be possible that the UK might leave the European union countries without a deal.

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