The UK and US economies will expand more slowly in 2017 than previously predicted. 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.
Source : BBC News
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