IMF boosts British growth outlook
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The International Monetary Fund Monday raised its 2007 growth outlook for Britain's economy to 2.9 percent on Monday, while warning about risks including a frothy property market.
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Sterling made steady gains against the dollar after better-than-expected economic growth figures dampened expectations that the Bank of England will cut interest rates at its next meeting.
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PARIS The Organization for Economic Cooperation and Development raised its 2004 growth outlook Tuesday for the world economy, forecasting further expansion in Europe and a robust upturn in Japan that would outpace the United States for the first time in
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The pound was boosted against the dollar after the preliminary estimate for the GDP was left unchanged, suggesting that growth in the economy remains robust.
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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The International Monetary Fund has trimmed its forecasts for world economic growth but expects the UK and the US will expand strongly this year, leaked
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The International Monetary Fund took a first step yesterday toward retooling itself to reflect major changes in the global economy, agreeing to increase the power that several fast-growing countries have over its policies and promising to boost their clout more in the next two years.
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Speedy growth in the eurozone and UK services sectors are making higher interest rates likely.
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The British economy grew at a faster than expected annual rate during the second quarter of 2007, official data showed on Wednesday.
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A further interest rate rise could be due after data shows UK GDP grew strongly in the second quarter.
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WASHINGTON -- The International Monetary Fund on Wednesday raised its outlook for Russia&#39;s economy but warned Moscow to resist spending the extra oil revenues it has received as a result of record energy prices.
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The UK economy grew by 3.1% in 2004  after accelerating in the final three months of last year, according to official figures.
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The head of the International Monetary Fund on Tuesday predicted a "continued smooth ride" for the global economy, but cautioned there are signs of potential trouble ahead after several years of brisk growth.
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World economic growth will be higher than previously thought at 5.1% in 2006 and 4.9% in 2007, the IMF predicts.
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Britain&#39;s economy would continue to grow at a healthy pace over the next two years, but vigilance was required over inflation, the OECD said Thursday.
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Brazil&#39;s government got a big boost Friday when the new head of the International Monetary Fund praised its economic policy and economists raised their growth forecast for the continent&#39;s largest economy.
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The UK economy will grow by 2.9% this year, although interest may need to rise further, the IMF forecasts.