IMF chief says Brexit delay avoids ‘terrible outcome’

By David Lawder and Leika Kihara WASHINGTON (Reuters) - The six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday. Moreover, the just-struck arrangement would not resolve the issues between Britain and the EU, IMF Managing Director Christine Lagarde said at a news conference during the IMF and World Bank spring meetings in Washington.

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