IMF says Europe's growth more durable, warns of 'disruptive' Brexit threat

Europe's economy is now hitting its stride, the International Monetary Fund said on Monday, but a disruptive Brexit could result in "appreciably" lower growth for both Britain and the eurozone.

The IMF's latest Regional Economic Outlook, which looks at more than 40 countries from Germany and the UK to Turkey and Russia, said the current recovery looks increasingly assured.

It is partly driven by central bank stimulus and low interest rates, but also by improving fundamentals, as evidenced by a pick-up in investment across a broad range of economies.

"This recovery looks increasingly durable," the deputy director of the IMF's European Department, Joerg Decressin, told Reuters at a presentation of the report published on Monday. 

"Growth in the euro area has been positive for 18 quarters, lately around 2.5 percent. Many countries in eastern Europe have seen...