By Marcus Leach

Following the International Monetary Fund's report that downgraded their growth estimate for the UK economy, the National Institute for Economic and Social Research (NIESR) have said that the economy had recently experienced a boost in growth.

Whilst the NIESR say the UK economy's outlook remains "weak", they have said the economy grew 0.8% in the last three months compared with a year ago.

It is the best performance since July 2010, but NIESR attributed it to special events, including the Olympics.

The economics research group said that the UK would return to its trend growth rate of 0.2%-0.3% in the coming months.

This report is in direct contrast to that of the IMF, who have said that they expect the British economy to shrink by 0.4% this year, compared with its forecast of 0.2% growth in July.

Despite the report Prime Minister David Cameron has said that our economy is "slowly healing."

Join us on
Follow @freshbusiness