Brexit heightens global economic risks, says G20

Source. BBC

The UK’s vote to leave the European Union heightens risks for the world economy, finance chiefs have said at the end of the G20 summit in China.

The outcome of last month’s referendum “adds to the uncertainty” for the global economy, the group of the world’s 20 largest economies said.

It urged the UK to remain “a close partner of the EU”, amid concerns Brexit talks could be acrimonious.

Chancellor Philip Hammond said Brexit had come up “a great deal” at the G20.

“The reality is there will be a measure of uncertainty continuing right up to the conclusion of our negotiations with the EU,” he told reporters.

Following the meeting in the Chinese city of Chengdu, the G20 group said it had the tools to cope with the potential economic and financial consequences from the referendum result.

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