Advanced economies to grow at 1.6% in 2016: IMF
The 'advanced economies' will expand by 1.6% in 2016, lower than last year’s 2.1% and down from the 1.8% July forecast, the IMF has predicted. It cut the US growth forecast to 1.6% from the earlier estimate of 2.2%. The fund added that following 'Brexit', the UK's growth will slow to 1.8% this year, down from 2.2% in 2015.