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" I M F Cuts Britain's Growth Forecast"

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IMF cuts Britain's growth forecast

The International Monetary Fund has reportedly slashed its forecast for the UK economy this year, even as it raises predictions for global growth.

By Josephine "Jo" Moulds

Published: 5:46PM BST 04 Sep 2009

The IMF expects Britain's economy to shrink by 4.5pc this year

Just days after a damning diagnosis from the OECD, leaked revisions show the IMF expects Britain's economy to shrink by 4.5pc this year compared with previous forecasts of a 4.2pc contraction.

By contrast, the IMF expects global GDP to fall by just 1.3pc in 2009, better than earlier predictions of a 1.4pc decline.


IMO they are still failing to take unemployment and falling business investment into account.

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UK really does seem to have been cut adrift.

There was hope that as a trading nation our recovery would be linked to recovery elsewhere even if we did not have the conditions to recover internally ( or by endogenous growth as GB would say).

This is bad news if it is correct. Trading with better run economies is the only thing we have left.

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