The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth and risks that could follow, from a no-deal Brexit.

In a new report on the world economic outlook, the IMF is now predicting growth of 3.5% in 2019, while in October, it forecast at 3.7%.

For the UK, the report predicts growth of about 1.5% this year and next, but it also says there is substantial uncertainty around that figure.

The IMF also expects China’s slowdown to continue. The forecast for this year and next is 6.2%.

The global figure represents weaker growth than last year.

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