UK growth forecast lowered again

Monetary unitsThe International Monetary Fund – who seem to have been delivering us nothing but bad news for the past four years – has lowered their growth forecast for most developed countries, including the UK.

Six months ago they predicted that worldwide growth would be 3.5% but yesterday they announced it would be lowered to 3.3%.

The UK is expected to only grow by 0.7%, despite predictions of 1% in January – however this is still above the 0.6% growth forecast in the recent Budget.

But perhaps these figures are not that bad when compared to the rest of Europe. The Eurozone as a whole has been cut to -0.3% growth and the UK is actually still on course to grow more than Germany and France this year.

via BBC Business News

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