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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.

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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.


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