Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

IMF upgrades UK growth forecast to 2.4%

IMF upgrades UK growth forecast to 2.4%

The International Monetary Fund (IMF) raised its forecast for UK growth this year from 1.9% to 2.4%.

However, this expected to fall back to 2.2% in 2015 with the organisation saying that ‘economic slack’ will remain high.

It said: ‘Activity in the Uk has been buoyed by easier credit conditions and increased confidence.’

The announcement prompted prime minister David Cameron to tweet: ‘An encouraging sign of more jobs and security for hardworking people: the IMF confirms upgrading our growth forecast.’

The IMF also upgraded its outlook for the US, which it expects to achieve 2.8% growth, as well as both the Eurozone, which it said was ‘turning the corner from recession to recovery’ and China. However it warned some emerging markets remain in difficulties.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: from managing Brunei’s billions to Dorking’s pension pots

Profile: from managing Brunei’s billions to Dorking’s pension pots

Mole Valley Asset Management's boss on why he chucked in multi-billion mandates for Surrey wealth management

Wealth Manager on Twitter