A store closing sale banner stating "Everything Must Go" on a window next to the colors of the Union flag in the City of London, Friday, June 24, 2016. (AP Photo/Matt Dunham)
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Britain's economy plunged into a dizzying unknown Friday, as the world economy braced for a hit to growth and unemployment after the UK voted to ditch the EU.The UK must now face up to the swirling winds of economic change, as International Monetary Fund chief Christine Lagarde called on Britain and Europe to work together to ensure that the pullout will occur smoothly.JPMorgan employs 16,000 people in Britain, while chairman and chief executive Jamie Dimon previously said that up to 4,000 jobs could move out of the UK.A decision to leave could also change Britain's immigration landscape if fewer people from EU countries come to Britain to work -- another factor which risks impacting on UK economic growth.According to the IMF, in the worst-case scenario, the UK economy could sink into recession next year and overall economic output would be 5.6 percent lower than otherwise forecast by 2019, with unemployment rising back above six percent from 5.0 percent currently.
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