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UK leaving EU to be a shocker for world economy

Sat, Feb 27, 2016, 05:24 PM
Finance ministers from the world's leading economies are warning of a "shock" to the global economy if the United Kingdom left the European Union through a referendum on June 23.

The ministers gave their assessment in a statement released at the end of a two-day meeting of G20 nations in China.

British Chancellor George Osborne, who was at the event, told the BBC the issue was "deadly serious".

The UK will vote on whether to leave or remain in the EU on June 23.

The UK, Chinese and American officials and the head of the IMF, Christine Lagarde, have been discussing key issues to the global economy during a G20 summit in Shanghai since Friday.

The outcome of the UK's EU referendum has been mentioned among global risks to the world economy and is set to appear in the final communique, according to a draft.

Officials travelling with George Osborne say this prominent mention of the UK's referendum in the final communique is unusual, but Osborne has denied that he pushed for it.
Agency: Ap7am Desk

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