Apple invests $1bn in Chinese Uber rival Didi Chuxing - Eurozone economy grows modestly - Britain's Hour of Truth
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.
The IMF has warned that - in a worst case scenario - a "Brexit" vote could be catastrophic. Any economic contraction beyond 1 percent would offset any gains from savings on EU contributions, it says.
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