However, the IMF warned of possibly greater risks for global growth. WASHINGTON - The uncertainty created by Britain's vote to leave the European Union will slow the global economy into next year, the International Monetary Fund predicted Tuesday. In an update to its April forecast, the IMF said global economic growth was likely to be 3.1 percent this year and 3.4 percent in 2017, a downward revision of 0.1 percent for both years. In a bright spot, stronger activity in the euro area has seen this year's growth forecast revised upward by 0.1 percent to 1.6 percent. This has slowed the forecast growth in that country's already anemic economy, with the IMF revising it downward to just 0.3 percent, to be followed by a bare 0.1 percent expansion in 2017.

Source: Bangkok Post July 19, 2016 13:41 UTC