IMF slashes UK growth forecast on eurozone fears

Its growth forecast for the UK has been cut to 0.6% from 1.6%. Germany is now predicted to grow just 0.3% in 2012, down from the 1.3% originally predicted in September, while France is expected to show 0.2% growth in 2012, down from 1.4%. The world's economy is "deeply into the danger zone" because of risks from the eurozone, the IMF said. It predicts the global economy will grow by 3.25% in 2012, down from an earlier forecast of 4%. In light of the IMF's outlook for the UK, Shadow Chancellor Ed Balls said the government may have to rethink its austerity measures. "Last year the...