Global Recession: IMF Slashes UK Economic Growth Rating For 2017BALTIMORE, MD (AFRICAN EXAMINER) – The impacts of Brexit on UK fortunes are still counting as the International Monetary Fund (IMF) just cut its forecast – rating for her economic growth next year. Unlike the its prediction which raised UK GDP growth this year to 1.8 per cent, the IMF has cut the figure to 1.1 per cent for 2017. The forecast as contained in the IMF’s latest World Economic Outlook predicted “subpar” 3.1 per cent global growth for this year, forecasting a slight rise in 2017. The indicator added that the indifferent economic recovery after the global financial crisis has been a persistent theme, in the Fund’s regular World Economic Outlook reports. Weak growth can lead to lower investment, slower productivity growth and the erosion of what the IMF calls “human capital” – which means skills and expertise.