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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).

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.

UK flag & bell 1a Getty Images LLLLThe 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…

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