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IMF sees Brexit damage to British growth


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The International Monetary Fund on Tuesday cut its 2017 growth forecast for Britain, blaming Brexit, and warning the damage could be greater if rocky negotiations lead to trade barriers. The IMF said it now expects Britain's gross domestic product (GDP) to expand by 1.1 percent in 2017, a downgrade of 0.2 percentage points from the previous prediction given in July. The British economy is now expected to grow by 1.8 percent this year, up 0.1 percentage points from prior guidance.

 

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