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    IMF Slashes Global Forecast for Advanced Economies

    It all comes back to politics. The IMF’s now only expecting the U.S. economy to grow 1.6 percent this year, due to ongoing uncertainty about the election and how a Donald Trump administration would alter American monetary policy. And the U.K.’s now predicted to grow just 1.1 percent in 2017, half of what was forecast in April before the surprise vote to exit the EU. Meanwhile, the pound fell to a three-decade low yesterday, which analysts say will benefit multinationals while spelling disaster for some homegrown British companies.

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