UK forecast from the IMF, up for 2017, less so for 2018!

Optimism and then being hedged into 2018! We will see:

https://www.ft.com/content/f8e84a34-db36-11e6-86ac-f253db7791c6

" In the latest update to its world economic outlook, the IMF said domestic demand had “held up better than expected in the aftermath of the Brexit vote”. The Washington-based organisation now predicts the British economy will grow by 1.5 per cent this year, an increase of 0.4 percentage points. However, the IMF revised down its projection for growth in 2018 by 0.3 percentage points to 1.4 per cent.  "

Comments on group-think are interesting as applied to the IMF, EU and UK communities!

IMF’s upward revision for UK economy fuels Brexit debate

Growth of 1.5% predicted in 2017, a rise of 0.4 percentage points