IMF: UK faces faster growth

first_img BRITAIN’S recovery is on track and it will continue to grow both this year and next, according to influential international body the IMF.In its annual forecast for the UK, it said that GDP would grow 1.7 per cent this year and two per cent next year, accelerating thereafter, with little expectation of recession.The forecasts are in line with the IMF’s previous estimates issued in October.The IMF also sounded a note of caution over the government’s £81bn in spending cuts announced last month. While welcoming the cuts, the IMF said the government had to be prepared if necessary to rethink its strategy which it said was risky and could “strain public service delivery in some areas”.“In the unexpected case of a significant and prolonged new downturn, some directors considered that the pace of structural fiscal consolidation could be adapted,” the report said.Meanwhile, think-tank the National Institute of Economic and Social Research (NIESR) yesterday reported slowing UK economic growth over the past quarter. Economic growth in Britain is likely to have slowed to 0.5 per cent in the three months to October from 0.8 per cent in the three months to September, it said. IMF: UK faces faster growth KCS-content whatsapp Tuesday 9 November 2010 9:09 pm Tags: NULL Show Comments ▼center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Share More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over last_img read more