Clearview South November 2013 - Issue 144 - Page 87

businessnews UK GROWTH PROJECTION CLIMBS AS WORLD OUTLOOK FALLS The International Monetary Fund (IMF) has boosted its forecast for the UK economy at the same time as it downgrades global economic growth. It now expects UK growth to reach 1.4%, an upgrade from the 0.9% prediction before the summer. ‘Expects UK growth to reach 1.4%’ Next year’s growth is expected to hit 1.9% an estimate which has increased from July’s 1.4% prediction. The twice-yearly assessment of the economy was introduced by the IMF’s panel of economists in Washington DC. It said a slower rate of growth in countries like Brazil, China and India was hampering the global outlook. Source: Bdaily Business News MANUFACTURING RECOVERY CONTINUES TO STRENGTHEN Growth in the UK’s manufacturing sector is continuing to pick up, with orders at their highest level since the start of the financial crisis. That’s according to the latest CBI monthly Industrial Trends Survey. Th