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IMF drops UK forecast

IMF drops UK forecast

The International Monetary Fund today lowered its estimate for UK growth in 2013, putting more pressure on George Osborne after yesterday's borrowing figures came in higher than expected. 

The IMF now says the UK economy will grow by 1% this year, down 0.1% from the forecast it made in October.

However, the outlook for the eurozone was significantly worse, with the IMF predicting a 0.2% contraction across the single currency area.

Green Box: IMF drops UK forecastClick to open

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