IMF Cuts Global Economic Growth Forecast

But forecasts growth in the U.K.

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%.