Chancellor George Osborne
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George Osborne welcomes IMF upgrade of UK growth forecast

The International Monetary Fund (IMF) has sharply increased its growth forecast for the UK economy.

It now expects the economy to grow 2.4% this year - faster than any other major European economy - against its previous forecast of 1.9%. In 2015, it expects growth of 2.2%.

Chancellor George Osborne welcomed the IMF's assessment.

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