Article source
BBC News
Article date
Mon, Oct 7, 2013
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The International Monetary Fund (IMF) has trimmed its forecast for global economic growth at the same time as lifting its UK growth projection.
It now expects global growth of 2.9% this year, a cut of 0.3% from July's estimate. In 2014 it expects global growth of 3.6%, down 0.2%.
It cited weakness in emerging economies for the cut.
The forecast for UK growth this year received a significant upgrade to 1.4%, up from July's estimate of 0.9%.
And for next year the IMF expects UK growth of 1.9%, up from July's projection of 1.5%.
The IMF's upgrades for its outlook on the UK are larger than those it made for any other country in its World Economic Outlook - its twice-yearly assessment of the global economy.