The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund (IMF).

It said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast.

The IMF also revised down its US growth forecast from 2.3% to 2.1%.

However, its overall global economic predictions – of 3.5% growth in 2017 and 3.6% in 2018 – remain unchanged.

The UK growth forecast for 2018 remains unchanged at 1.5%, but US growth for next year is now predicted to come in at 2.1%, instead of the 2.5% previously forecast.

In its latest World Economic Outlook, the IMF said the “pick-up in global growth” that it had anticipated in its previous survey in April remained “on track”. But it added that while the global growth projection was unchanged that masked “somewhat different contributions at the country level”.

The IMF’s chief economist, Maurice Obstfeld, told the BBC that the organization was watching closely the impact of Brexit on the UK’s future economic health.

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