In October a no-deal Brexit was a prominent risk but in the latest update it scarcely merited a mention Victoria Jones/PABritain will be the fastest growing G7 economy in Europe both this year and next despite the complications of Brexit as the world economy recovers from last year, which suffered the lowest growth in a decade, the International Monetary Fund has said. Updating its forecasts from October, the fund claimed that the worst risks to the global economy had passed and that the slowdown in trade and manufacturing was “bottoming out”. Although the IMF downgraded world growth from 3.4 per cent to 3.3 per cent this year and from 3.6 per cent to 3.4 per cent in 2021, it forecast a robust improvement from 2.9 per cent in 2019, the worst year since the 2009 recession. A sharp slowdown in India, where credit is drying…

Source: The Times January 20, 2020 12:56 UTC