IMF's Lagarde: no world recession from Brexit but risks high

WASHINGTON: International Monetary Fund chief Christine Lagarde said that Britain's shock vote to quit the European Union has injected significant uncertainty into the global economy but is unlikely to cause a world recession.

But in an exclusive interview with Agence France-Presse, she also said that Brexit underscores the need for the EU to do a better explaining how it benefits Europeans, amid "disenchantment" with the institution.