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Old 08-10-2013, 05:52 PM #1
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arista arista is online now
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Posts: 184,188
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Default Economy: IMF Makes UK Growth Forecast U-Turn

Yes Feck You Labours Ed Balls Ponce



http://news.sky.com/story/1151741/ec...orecast-u-turn
Check the Graph

[The International Monetary Fund (IMF) has
upgraded its forecast for UK economic growth
by more than any other major economy,
in a boost to the Chancellor's fortunes.
It comes only six months after the IMF
downgraded its expectations for the
British economy and warned that
George Osborne's policies were
the economic equivalent of “playing with fire".
In its six-monthly World Economic Outlook,
the IMF predicted that the UK's gross
domestic product - the broadest
measure of economic growth - would increase
by 1.4% this year and 1.9% in 2014.
That compares to a forecast of just 0.9% and 1.5%
respectively when it last updated its projections in July.
It came as the IMF downgraded its forecast
for global GDP this year by 0.3
percentage points to 2.9%.
The rapid change in attitude will be
welcomed by the Chancellor, who is due
to attend the IMF’s annual meeting
in Washington later this week.]
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