THE UK’s pull out of recession in 2010 will be stronger than previously thought, the International Monetary Fund (IMF) said today.
The organisation now predicts the economy will expand by 0.9% next year - well ahead of the 0.2% growth it estimated three months ago.
The IMF lifted forecasts across the board due to the impact of action by several governments as well as signs of firmer house prices, recovering consumer confidence and a pick-up in world trade.
The UK will lag behind the 1.3% growth expected for the US although it will perform more strongly than the Eurozone, where the IMF predicts a 0.3% rise in output.
