Go to Financial TImes original
The IMF has cut its UK growth forecast for this year and scaled back sharply the outlook for 2009, according to a leaked report of its World Economic Outlook projections set for release later on Wednesday.
The revised growth projection of 1.6 per cent for 2008 - down from 1.8 per cent - and a similar level for next year compared to an earlier forecast of 2.4 per cent, comes less than a month after Alistair Darling, the Chancellor, cut his own forecasts for the UK economy.
The report also comes just a week after the Washington-based institution said that UK house prices are overvalued by nearly 30 per cent. Its view on UK house prices is underscored in the latest report where it is forecasting a drop of 10 per cent in values.
more...
Subscribe to:
Post Comments (Atom)
Web Links
- ABC News
- Al Jazeera-English
- AP Breaking News
- Atlanta Journal & Constitution
- BBC News
- Bloomberg
- Boston Globe
- Buzz Flash
- CBC News
- Christian Science Monitor
- CNN
- Common Dreams
- DemocracyNow
- Financial Times
- Ha'aretz
- Huffington Post
- Los Angeles Times
- McClatchy-Washington Bureau
- Media Matters
- MSNBC
- New York Times
- NPR
- Randi Rhodes
- San Jose Mercury News
- SF Gate
- Truthout.org
- UK Guardian
- UK Independent
- USA Today
- Washington Post
- WikiLeaks
No comments:
Post a Comment