IMF cuts growth forecasts after Brexit vote


The International Monetary Fund (IMF) says that the United Kingdom’s decision to leave the European Union has “thrown a spanner in the works” of its global economic growth forecast.

The IMF’s 2017 growth forecast  for the U.K. has been slashed  to 1.3 percent from 2.2 percent and this year’s has been cut to 1.7 percent from 1.9 percent.

The IMF’s global growth forecast for 2017 has also been revised down, to 3.4 percent from 3.5 percent.

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