‘Tepid performance’ so far of UK economy and Trump’s failure to deliver tax cuts lead to downgrade to 1.7% and 2.1% respectively The International Monetary Fund has slash its growth forecast for the UK economy this year after a weak performance in the first three months of 2017.
In its first downgrade for the UK since the EU referendum in June final year,the IMF said it expected the British economy to expand by 1.7% this year, 0.3 points lower than when it final made predictions in April.Continue reading...
Source: theguardian.com