IMF cuts Britain 2011 growth forecast to 2.0 percent

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The International Monetary Fund said on Monday that Britain's economy "is on the mend" but it cut its 2011 growth forecast for the country to 2.0 percent from its previous estimate of 2.1 percent.

"Our central scenario envisages real GDP growth of two percent in 2011, rising gradually to 2.5 percent in the medium term," the IMF said in an update.

In July, the IMF forecast British gross domestic product growth of 2.1 percent for 2011.

© 2010 AFP

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