No-deal Brexit would harm EU countries as well as UK, warns IMF

Growth across Europe forecast to fall if UK adopted WTO rules, with Britain worst affected

Britain crashing out of the EU without a deal would inflict significant economic pain across Europe, leaving the region without any winners, the International Monetary Fund has warned.

As the new Brexit secretary, Dominic Raab warned Europe to prepare for a no-deal exit, the IMF said such an outcome would hurt the UK most but would also have damaging economic consequences for Ireland and other EU nations.

Related: Brexit: Raab and Barnier to meet as EU steps up no-deal warnings