## United Kingdom: 2016 Article IV Consultation-Press Release; and Staff Report

_IMF Staff Country Reports, June 17, 2016_

## Source details

**Canonical URL:** [United Kingdom: 2016 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2016/12/31/united-kingdom-2016-article-iv-consultation-press-release-and-staff-report-43979)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/united-kingdom-2016-article-iv-consultation-press-release-and-staff-report-43979/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/united-kingdom-2016-article-iv-consultation-press-release-and-staff-report-43979/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/united-kingdom-2016-article-iv-consultation-press-release-and-staff-report-43979/bundle-manifest.json)

## Bibliographic details
- Published: June 17, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475517231.002

---

### Overview and main findings
- The paper discusses key issues related to the economy of the United Kingdom.
- "The U.K. economy has performed well in recent years, but it faces important challenges and risks."
- In the near term, the largest risks and uncertainties relate to the upcoming European Union (EU) referendum.
- "In the event the United Kingdom stays in the EU, steady growth is expected to continue over the next few years."
- Macroeconomic policies in the baseline should focus on promoting continued steady growth while reducing vulnerabilities.

### Risks and scenarios
- Near-term largest risks and uncertainties: upcoming European Union (EU) referendum.
- Baseline scenario highlighted: if the United Kingdom stays in the EU, steady growth is expected to continue over the next few years.

### Policy recommendations
- Monetary policy: "should remain on hold until inflationary pressures are clearer and to help offset headwinds from fiscal consolidation."
- Broader macroeconomic policy objective: promote continued steady growth while reducing vulnerabilities.

---

## Content in this bundle

- **Conclusions of the Financial Sector Assessment Program**
  - [Conclusions of the Financial Sector Assessment Program (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16168.pdf.md){rel="alternate" type="text/markdown"}
  - [Conclusions of the Financial Sector Assessment Program (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16168.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/united-kingdom-2016-article-iv-consultation-press-release-and-staff-report-43979_