long run profit The report also supports the government's plan to cut its annual budget deficit this year. 5. Accounting earnings depend on the reasonable proportion of income and expenses during the period. Costs that are not associated with the current period should be incurred as assets to be transferred for later periods. The fund's managing director Christine Lagarde said Christine Lagarde, in June 2016, voted to leave the European Union has an impact, the British economic growth this year and in other parts of the world economic growth. "We are concerned that if the UK decides to leave, it is likely to lead to a weaker pound, higher inflation, lower disposable income and less investment," she said.