POST Online Media Lite Edition


IMF welcomes Brexit talks, UK growth to be 1.5%

Staff Writer |
The International Monetary Fund (IMF) has says that recent progress in Brexit talks comes as good news and predicts the UK economy will grow by a steady 1.5% in 2018.

Article continues below

Managing Director Christine Lagarde is in London to present the IMF’s annual review of the UK economy at the Treasury.

The fund predicts the UK economy will grow by a steady in not remarkable 1.5% in 2018.

Chancellor Philip Hammond has welcomed the news and fully agrees with the IMF on the urgent need for a Brexit transition deal.

Hammond said: "One of biggest boosts we can provide to our economy is making early progress on delivering certainty and clarity about our future relationship".

The announcement comes in a change of tune from Lagarde who predicted before the referendum that a leave vote would result in a stock market and house price crash.

What to read next

Moody's downgrades UK banking system to negative
Moody’s confident UK will avoid recession
British economy to weather Brexit uncertainty