The International Monetary Fund has cut its forecasts for UK GDP growth for both this year and next as it warns of a "ratcheting up" of financial market and sovereign stress in the eurozone periphery.
The organisation cut its forecast for UK GDP growth in 2012 to just 0.2%, down from the 0.8% it predicted in its April 2012 update. Its forecast for 2013 GDP growth has also been cut by 0.6 percent...
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