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No-deal Brexit would hit UK economy, says IMF

Leaving the EU without a deal will entail "substantial costs" for the UK economy, the IMF warns.

The peso has lost 40% of its value this year and the country needs to reassure foreign investors.

The group says trade disputes are the 'greatest near-term threat' to the world economy.

The IMF warns the Trump administration's trade policies risk undermining the global trade system.

The financing loan would be made over a three-year period and is still subject to IMF board approval.

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