From the International Monetary Fund's latest global GDP growth forecasts - not just about Brexit!
- Keeps global growth forecasts unchanged at 3.5 pct for 2017, 3.6 pct for 2018
- Says Eurozone growth forecasts increased 0.2 percentage point to 1.9 pct for 2017, 0.1 percentage point to 1.7 pct for 2018
- China growth forecasts increased 0.1 percentage point to 6.7 pct for 2017, 0.2 percentage point to 6.4 pct for 2018
- US forecasts unchanged from June revisions at 2.1 pct for both 2017 and 2018
- IMF says 2017 Japan growth forecast increased 0.1 percentage point to 1.3 pct; 2018 Japan growth forecast unchanged at 0.6 pct
- And cuts 2017 UK growth forecast by 0.3 percentage point to 1.7 pct; 2018 UK forecast unchanged at 1.5 pct
Those headlines via Reuters from the IMF's updated World Economic Outlook
- "While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term"
- Revised down its 2017 forecast for the UK by 0.3 percentage point to 1.7 percent, citing weaker-than-expected activity in the first quarter. It left its 2018 forecast unchanged at 1.5 percent
More:
- Canada gets the nod from the IMF as their expected strongest G7 currency in 2017, the Fund expects GDP at 2.5% (1.7% prior)
