Saturday, July 10, 2010

British economy dealt fresh blow as IMF downgrades UK growth forecast


Chancellor George Osborne has been dealt a fresh blow today after a respected international economic thinktank downgraded its forecasts for the British economy.

In one of the biggest downgrades it has made to any developed economy, the International Monetary Fund lowered its 2011 growth forecast for Britain from 2.5 per cent to 2.1 per cent....read on

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