The Future of euro currency and the entire EU project looks unsustainable without major change, according to a damning review by the International Monetary Fund and renowned economists. IMF chiefs warned the UK’s decision to leave the EU would seriously hamper growth prospects in the region.
Before the Brexit vote, the IMF forecast a 1.7 per cent expansion for the eurozone. However, post Brexit the organisation revised that down to 1.6 per cent this year and 1.4 per cent next year. The IMF did warn of economic chaos in the event of a Leave victory and has urged for a “smooth transition” for post-EU Britain. READ MORE