Clearview Midlands November 2013 - Issue 144 | Page 87
businessnews
UK GROWTH PROJECTION CLIMBS
AS WORLD OUTLOOK FALLS
The International Monetary Fund (IMF) has boosted its forecast for
the UK economy at the same time as it downgrades global economic
growth.
It now expects UK growth to reach 1.4%, an upgrade from the 0.9%
prediction before the summer.
‘Expects UK growth to reach 1.4%’
Next year’s growth is expected to hit 1.9% an estimate which has
increased from July’s 1.4% prediction.
The twice-yearly assessment of the economy was introduced by the IMF’s
panel of economists in Washington DC.
It said a slower rate of growth in countries like Brazil, China and India
was hampering the global outlook.
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