Britain will be fastest growing G7 economy this year, says IMF

The International Monetary Fund has predicted the UK will be the fastest growing of the G7 leading industrial countries this year and accepted that its prediction of a post-Brexit-vote financial crash has proved to be overly pessimistic. But while the Washington-based IMF said Britain would have a “soft landing” in 2016 with growth of 1.8%, it stuck to its view that the economy would eventually suffer from the shock EU referendum result and said expansion next year would be just 1.1% – lower than it expected in the immediate aftermath of the Brexit vote.
Read more: http://www.theguardian.com/business/2016/oct/04/britain-fastest-growing-g7-economy-imf-international-monetary-fund-brexit-vote?source=Snapzu