EMBARGO TO FRIDAY JAN 17 AT 9 A.M. ET The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.

The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump's economic plans. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%.

Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the IMF said Friday, flagging the growing economic divide between the United States and European countries.