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IMF predicts Britain's GDP growth rate will surge to 3.2% by year end
The International Monetary Fund has raised its forecast for Britain's GDP growth rate for the second time this year, heaping further embarrassment on the Washington-based organisation following its warning in 2013 that George Osborne's austerity policies were "playing with fire" and could trigger a slump. The IMF said Britain would maintain its status as one of the world's fastest expanding major economies following a surge in growth to 3.2% by the end of the year. The lender of last resort, which is headed by former French finance minister Christine Lagarde, uprated the UK's outlook for GDP growth by 0.4 percentage ... (full story)
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