IMF: No-Deal Brexit expected to reduce UK GDP by 5.2%-7.8% vs remaining in EU

In a recently published report, the IMF said that a no-deal Brexit scenario was expected to reduce the UK's GDP growth by 5.2%-7.8% compared to the alternative of remaining in the EU. "UK, EU free trade deal expected to reduce UK GDP by 2.6%-3.9% vs remaining in EU," the IMF further added, as reported by Reuters.