IMF raises eurozone growth forecast despite Brexit

BRUSSELS: The IMF raised its growth forecast for the eurozone on Tuesday, but warned of uncertainty due to the still unknown consequences of Brexit and damage caused by low inflation.

The IMF edged up the growth forecast for the 19 nation currency bloc to 1.7 percent in 2016, from an earlier 1.6 percent, citing low oil prices and economic stimulus policies at the European Central Bank.