IMF: UK economy getting boost from exports

Below are some of the key findings of IMF staff’s 2017 annual economic health check on UK economy, published this Wednesday. 

   •  UK growth in 2018 seen at 1.5%
   •  Brexit talks is welcome, very long list of tasks ahead - remains the key uncertainty
   •  Timeframe of Brexit is ambitious
   •  Agreement on Brexit transition would avoid "cliff edge" in March 2019, and also reduces uncertainty
   •  Brexit weighing on UK domestic demand
   •   Withdrawal of stimulus by BOE should continue at gradual pace
   •  Budget deficit reduction is critical to rebuild fiscal buffers against future shocks
   •  Implications of Brexit for monetary policy are uncertain