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IMF cuts global growth forecasts slightly in wake of Brexit

Published 19/07/2016, 15:28

Investing.com – IMF slightly cut its 2016, 2017 global output growth forecasts after Brexit.
Growth cut 0.1% this year and next to 3.1% and 3.4% respectively.
Britain’s 2017 growth cut 0.9% to 1.3%; U.S. unchanged at 2.5%.
IMF said this is a “benign assessment” of impact of Brexit.
But it warned full impact will play out gradually over time.

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