IMF downgrades growth in Eurozone due to Brexit

IMF of the Brexit fallout in the Eurozone

  • Sees GDP decelerating to 1.4% from 1.6% this year
  • Further slowdown in global growth could derail Eurozone's domestic-led recovery
  • Downside risks include further Brexit spillover
  • Medium-term growth prospects 'mediocre' with annual growth in 5 years at 1.5%
  • Brexit impact on Eurozone will be worse if risk aversion continues for long period

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