BGN Entrepreneur

In the January report, the International Monetary Fund had predicted that UK GDP would rise by 1.3% in 2010 and 2.7% in 2011. However, according to leaked extracts of its World Economic Outlook, it is indicated that IMF has downgraded its UK growth forecast for 2011 from 2.7% to 2.5%.
It is suggested that whoever wins the election will face an even tougher task to rein in the deficit. The forecasts, which will be published on April 21, also suggest the economic recovery in the eurozone will take slightly longer due to the problems in Greece.
At the same time, IMF has revised up its forecast for global growth in 2010 slightly to 4.1%. It is driven by an improvement in the US economy, which is expected to grow 3% in 2010.

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