IMF cuts UK growth forecast to 1.3% from 2.2% on Brexit

From forexlive.com

Cut global growth forecast to 3.1% from 3.2%. 2017 at 3.4% down -0.1% from previous. The IMF says reduction in outlook due to uncertainty, reduced investment caused by Britain's departure from the European Union. • Cuts 2016 UK growth forecast to 1.7% from 1.9% in April. They see 2017 growth at 1.3% from 2.2% in April • IMF says would've revised 2017 global growth forecast slightly upward if not for Brexit • IMF says Japangrowth forecast cut to 0.3% from 0.5%. Improves 2017 at what to 0.1% from a -0.1% contraction • raises China 2016 growth forecasts to 6.6% from 6.5%. Sees 2017 growth slowing to 6.2% • ... (full story)