The International Monetary Fund (IMF) has warned the U.K. of a series of risk that could hit the country's strong economic performance.
In the latest report on the U.K. published on Friday, the IMF praised the U.K's recent economic record..
"The U.K.'s recent economic performance has been strong, and considerable progress has been achieved in addressing underlying vulnerabilities. Growth has exceeded that of the other major advanced economies, the unemployment rate has fallen substantially, employment has reached an historic high, the fiscal deficit has been reduced, and financial sector resilience has increased," the IMF said.
The U.K. economy remains robust and is one of the developed world's leading economies. The IMF said in its World Economic outlook report in October that it expected the U.K. to grow a respectable 2.5 percent in 2015 and 2.2 percent in 2016. Unemployment figures for the July-September period showed the jobless rate fell to 5.3 percent, the lowest rate since the March to May 2008.