Apple invests $1bn in Chinese Uber rival Didi Chuxing - Eurozone economy grows modestly - Britain's Hour of Truth
Although European economies have experienced a steady upswing in recent years, not enough has been done to prepare for a rainy day, the IMF has said in a fresh outlook. It cited a number of risks to be aware of.
The IMF has cut its 2017 growth forecast for the UK economy following a weak first quarter, suggesting Brexit is starting to hit consumers and businesses. The finance ministry renewed calls for a smooth exit from the EU.
The euro area continues to struggle with feeble growth, but economic performance for the first three months of the year rose by 0.5 per cent compared to the previous quarter. Germany beat analysts’ expectations, reaching a two-year quarterly high.
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