Lagarde issues yet another bleak warning if UK chooses Brexit

London

UNVEILING the latest report on Britain, International Monetary Fund (IMF) managing director Christine Lagarde has issued a bleak warning that the nation could plunge into "severe" crisis by voting to quit the European Union.

The IMF report comes soon after a pessimistic prediction by the Bank of England (BOE) at a time when the UK economy and investment have already slowed down sharply due to poorer industrial output and trade coupled with referendum uncertainty.