IMF cuts global growth outlook
October 09, 2013  00:20

The International Monetary Fund (IMF) has trimmed its forecast for global economic growth at the same time as lifting its UK growth projection. It now expects global growth of 2.9% this year, a cut of 0.3% from July's estimate. In 2014 it expects global growth of 3.6%, down 0.2%.

 

It cited weakness in emerging economies for the cut. The forecast for UK growth this year received a significant upgrade to 1.4%, up from July's estimate of 0.9%. And for next year the IMF expects UK growth of 1.9%, up from July's projection of 1.5%.

 

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