growth

The International Monetary Fund (IMF) upgraded its UK GDP forecast and now predicts the country will see stronger growth than any other G7 economy this year.

The UK economy is set to grow by 2.5% this year and 2.1% in 2015, the National Institute of Economic and Social Research (NIESR) has predicted.

Britain's growth rate could reach as high as 4% this year as the recovery accelerates, economists have said.

David Coombs, head of multi-asset investments at Rathbone Unit Trust Management, has bought a number of new funds in the last few months as he rejigs his portfolios to focus on global growth.

ON UK GROWTH

Lindsell Train co-founder Nick Train has admitted to being "flabbergasted" by a recent spell of outperformance in his £355m Finsbury Growth & Income trust.

The International Monetary Fund (IMF) is expected to release a gloomier picture of the world economy this week, trimming its forecast for global growth this year by 0.1%.

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

Shares across Europe are trading lower after Japan led Asian indices lower overnight, with the FTSE 100 on course for its third consecutive day of losses.

The Organisation for Economic Co-operation and Development has made a sharp cut to its forecast for UK growth in its latest interim economic assessment.