IMF Downgrades UK Growth Forecasts

The IMF has cut its UK economic growth forecast, blaming Brexit uncertainty.The Fund expects growth of 1.6% this year, down slightly from its previous forecast of 1.7%. It expects growth to slow further next year, to 1.5%.IMF chief Christine Lagarde said uncertainty over the Brexit deal was causing UK firms to delay investment plans.She also said rising inflation, caused by the fall in the pound, and stagnant wages were squeezing spending power.

Source: IMF downgrades UK growth forecast on Brexit uncertainty – BBC News

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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