IMF cuts eurozone growth forecast in 2017 after Brexit
IMF cuts eurozone growth forecast in 2017 after Brexit
Brussels - Arab Today
The IMF cut its growth forecast for the eurozone on Friday, citing the fallout from Britain's shock vote to leave the European Union.
The IMF cut the growth forecast for 2017 to 1.4 percent, from the earlier 1.6 percent, "mainly due to the negative impact of the UK referendum outcome," the International Monetary Fund said in a statement.
However, the IMF said that eurozone growth in 2016 would hit a stronger than expected 1.6 percent, instead of the previously forecast 1.5 percent.
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