Union Jack fluttering outside Parliament. Photo: Peter Cavanagh / Alamy
It would be a big negative shock to the British economy, which is expected to shrink by 3 percent by 2020 if the British decide to leave the EU, warns OECD.
For other EU countries, it would also mean a setback of about 1 percent of GDP, believe the OECD economists.
the capital outflows and reduced investments following a withdrawal would could also lead to problems for Britain to finance the large current account deficit of around 7 percent of GDP.
the referendum on British membership of the EU will take place on June 23 and in the polls, it is smooth, with a marginally lead the campaign to stay in the EU.
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