WASHINGTON, Shawwal 03, 1437, July 08, 2016, SPA -- The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over uncertainties sparked by Britain's vote to leave the European Union, and warned that the conditions could worsen if confusion continues to reign in financial markets, according to Reuters. In its annual policy review of the 19-country euro currency bloc, the IMF said it now expects 2016 growth of 1.6 percent, down from the previous forecast of 1.7 percent, while the 2017 growth forecast will drop to 1.4 percent from 1.7 percent previously. The IMF said a further global growth slowdown could derail the euro area's domestic demand-led recovery, and further Brexit spillovers, the refugee surge, increased security concerns and banking weakness all could take their toll on growth. But IMF European Department Deputy Director Mahmood Pradhan said that if the separation negotiations drag out between the EU and the UK and continue to cause risk reductions in financial markets, euro area growth would slow further. --SPA 23:49 LOCAL TIME 20:49 GMT www.spa.gov.sa/w