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IMF cuts UK economic growth forecast for 2017

The International Monetary Fund (IMF) has cut its forecast for UK economic growth next year as it warned that the global recovery remains "weak and precarious". 
     
Although the IMF raised its prediction for UK GDP growth this year to 1.8%, the figure for 2017 was cut to 1.1%.
      
Its assumptions are based on "smooth post-Brexit negotiations and a limited increase in economic barriers". 
     
The IMF's latest World Economic Outlook predicts "sub-par" global growth this year of 3.1%, rising slightly in 2017.


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