IMF

George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.

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

Loose central bank policies could threaten global financial stability when interest rates rise as lenders become "addicted" to central bank financing, the International Monetary Fund (IMF) has warned.

The global economic recovery will slow this year unless the US averts $85bn (£56bn) in spending cuts that start today, the International Monetary Fund has said.

The chief economist of the International Monetary Fund (IMF) has asked the government to "take stock" of its austerity programme ahead of the next Budget in March.

A conflict erupted between the IMF and European Union last night as it was announced Greece would receive a two year extension to meet its debt reduction target.

PRESSURE POINT

George Osborne risks damaging the UK economy further unless he eases austerity measures and faces the country's "growth challenge", the International Monetary Fund has said.

The UK economy is going through a "slow and difficult healing process" but there are positive signs for the future, the Prime Minister has said.

The International Monetary Fund (IMF) has told the UK to prepare to revise its economic strategy if growth continues to disappoint, the FT reports.