Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of 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
Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter