IMF lowers UK's growth forecast for 2012

AOL Money Staff
Notes and coins
Notes and coins

The International Monetary Fund (IMF) has significantly lowered its UK growth forecast for 2012 to 0.2% and warned the risks from the eurozone debt crisis continue to "loom large".


Its forecast was reduced from 0.8% just three months ago, reflecting the UK's slide into a double-dip recession in the first quarter of the year and the gloomier outlook for the world economy.