IMF ratchets up UK economic growth forecast to 2%

Fund notes stronger-than-expected performance since Brexit vote but warns protectionism may hold back growth

The International Monetary Fund has revised up its UK growth forecast for the second time in three months after admitting that the performance of the economy since the Brexit vote last year had been stronger than expected.

In its half-yearly World Economic Outlook, the IMF said it now envisaged the British economy expanding by 2% in 2017 – making it the second fastest-growing after the US.

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