IMF Cuts U.K. Forecast as Brexit Inflation Knocks Consumers

IMF Cuts U.K. Forecast as Brexit Inflation Knocks Consumers:


The International Monetary Fund revised down its 2017 growth forecast for the U.K., citing slower-than-expected expansion at the start of the year.


The IMF revised up its projections for many European countries,
including France, Germany, Italy and Spain. Britain has until March 2019
to secure an exit deal with the bloc, and negotiations are off to a
rocky start.