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IMF+downgrades+UK+and+US+growth+forecasts
Monday, 24 July 2017 - 14:59
IMF downgrades UK and US growth forecasts
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The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund.

It said "weaker-than-expected activity" in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast.

The IMF also revised down its US growth forecast from 2.3% to 2.1%.

However, its overall global economic predictions - of 3.5% growth in 2017 and 3.6% in 2018 - remain unchanged.

The UK growth forecast for 2018 remains unchanged at 1.5%, but US growth for next year is now predicted to come in at 2.1%, instead of the 2.5% previously forecast.

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