IMF downgrades Uk and US economic growth projections

Both the US and the UK are to have a slower economic growth than previously predicted according to the International Monetary Fund.

The IMF shaved its forecasts for U.S. growth to 2.1 percent for 2017 and 2018, slightly down from projections of 2.3 percent and 2.5 percent, respectively, just three months ago. The Fund reversed previous assumptions that the Trump administration’s planned stimulus measures would boost U.S. growth, largely because no details have materialised.