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 Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow's Evenlode Income fund was recently removed from the Investment Association's UK Equity Income sector.

Play GAM charity football tournament: the live draw

GAM charity football tournament: the live draw

Former Chelsea and England footballer Graeme Le Saux visits Citywire to make the draw for the tournament, where all proceeds going to Wheels for Wellbeing.

Play FIFA, Panama Papers…and what everyone’s getting wrong

FIFA, Panama Papers…and what everyone’s getting wrong

VIDEO: Investigative reporter Jeffrey Robinson reveals how major corruption scandals are being mishandled and what to expect next.

Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter