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IMF: UK economy to grow in 2010
The UK's recession will end this year and the economy will return to growth in 2010, according to a report by the International Monetary Fund (IMF).
The IMF has sharply raised its forecast for Britain's economy now predicting a growth of 0.2% next year, as opposed to the decline of 0.4% that it predicted in April.
In its report the IMF warned that, "Despite positive signs, the global recession is not over and the recovery is still expected to be slow."
Post Date: July 9th, 2009
The IMF has sharply raised its forecast for Britain's economy now predicting a growth of 0.2% next year, as opposed to the decline of 0.4% that it predicted in April.
In its report the IMF warned that, "Despite positive signs, the global recession is not over and the recovery is still expected to be slow."
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Post Date: July 9th, 2009
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