The IMF is forecasting that UK GDP growth will slow to 1.6% in 2018 and 1.5% in 2019 from 1.8% in 2017, despite an expected rise in global GDP growth to 3.9% in 2018. The IMF is blaming high UK inflation, weak investment and uncertainty caused by Brexit, as well as persistently poor productivity. If these forecasts prove accurate, the UK would be relegated to the bottom half of the G7 league table for economic growth. By comparison Eurozone GDP growth is expected to hit 2.4% this year.
