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IMF downgrades UK and US growth forecasts

In its usual understated way, the Beeb reports simply that "The UK and US economies will expand more slowly in 2017 than previously predicted, according to the IMF. ... The IMF ... revised down its US growth forecast from 2.3% to 2.1%. However, its overall global economic predictions - of 3.5% growth in 2017 and 3.6% in 2018 remain unchanged. ... US growth for next year is now predicted to come in at 2.1%, instead of the 2.5% previously predicted."

http://www.bbc.com/news/business-40697473

For a hyperventilated perspective, there's Market Insider, that begins: "The International Monetary Fund has sharply revised its forecast for US economic growth in a direct indictment of Donald Trump’s presidency and lack of action on promised policy changes. ... That revision is especially striking since it matched cuts not seen anywhere in the world other than two major emerging economies facing deep political crises - Brazil and South Africa."

It contains a data table, graphic, and other commentary.

http://markets.businessinsider.com/news/stocks/us-growth-downgraded-as-trump-policies-pushed-back-2017-7-1002199274

I've put this under fund discussions, following Ted's lead on this thread:

"The Breakfast Briefing: U.S. Stocks Poised For Soft Start After IMF Cuts Growth Forecast"
http://www.mutualfundobserver.com/discuss/discussion/34317/the-breakfast-briefing-u-s-stocks-poised-for-soft-start-after-imf-cuts-growth-forecast

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