International Monetary Fund Latest News: IMF Raises UK Growth Forecast for 2013

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International Monetary Fund Latest News: IMF Raises UK Growth Forecast for 2013

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International Monetary Fund Latest News: IMF Raises UK Growth Forecast for 2013

by Wochit 0:59 mins

International Monetary Fund Latest News: IMF Raises UK Growth Forecast for 2013

by Wochit 0:59 mins

The UK is one of a handful of developed economies to have its growth forecast for 2013 raised by the IMF. Greece's economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said, revising down its previous projection and offering a more pessimistic forecast than the country's foreign lenders. Athens, which has been limping along on bailout funds since 2010, secured its latest lifeline from its European Union and International Monetary Fund lenders on Monday but was told it must keep its promises on cutting public sector jobs and on selling state assets to get all the cash. ... International Monetary Fund chief Christine Lagarde told a conference that the IMF may trim its global growth forecast because of the situation in emerging countries.

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