Brexit would prompt stock market and house price crash, says IMF

Christine Lagarde backs Bank of England governor's claim that Britain could enter recession after vote to leave EU

A vote to leave the EU next month could precipitate a stock market crash and steep fall in house prices, the International Monetary Fund has warned.

Christine Lagarde, the IMF managing director, also backed warnings from the Bank of England governor Mark Carney that Britain could fall into recession following a Brexit vote.

Related: IMF: Brexit would send shockwaves through UK economy - business live

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