However, it should be borne in mind that IMF forecasts are invariably shite (the fact that they revised the forecast is a clue) as this chart from 2014 shows:IMF cuts 2017 UK growth forecast to 1.7% from 2%, the biggest downward revision this year of all major economies. pic.twitter.com/48gEFXGwUo— Jamie McGeever (@ReutersJamie) July 24, 2017

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