IMF cuts global growth forecast

The IMF has warned in their latest World Economic Outlook that the potential failure of Brexit negotiations and “unsettled” politics pose a risk to world economic growth.

In response, Catherine Stihler MEP said:

“This predicted slowdown in economic growth for the UK demonstrates the harsh reality of Brexit. This will hit businesses, put jobs at risk, and impact on revenues for public services.

“It’s not just the UK that will be hit, with new trade barriers affecting the global economy.

“But this economic harm is not inevitable. There is still time to reverse Brexit, which is why we need a people’s vote on the final deal with the option to remain in the EU.”