IMF

IMF Cuts Global Economic Growth Forecast

But forecasts growth in the U.K.

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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%.