Global Economic Growth Will Be Lower Because of Brexit Vote, IMF Says

Global Economic Growth Will Be Lower Because of Brexit Vote, IMF SaysThe global economy faces “a wave of uncertainty” in the wake of the United Kingdom’s referendum to leave the European Union, and for that reason, the International Monetary Fund (IMF) has cut its forecast for global growth — saying world economies will grow by 3.4 percent next year. “Brexit has thrown a spanner in the works,” said Maurice Obstfeld, IMF Chief Economist and Economic Counselor, using the British word for a wrench.

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