IMF downgrades UK and US growth forecasts

The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund (IMF).

• BBC

It said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast.

The IMF also revised down its US growth forecast from 2.3% to 2.1%.

However, its overall global economic predictions – of 3.5% growth in 2017 and…

• IMF downgrades UK…