Member Article

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.

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.

This was posted in Bdaily's Members' News section by Tom Keighley .