IMF revises UK growth outlook upwards, but country still worse than comparable economies
Guardian, 12 Apr 2023
In a bleak report from the International Monetary Fund (IMF), the UK is forecasted to be one of the poorest performing major economies amongst the G7 nations in 2023.
Although the IMF slightly upgraded its last forecast, it still anticipates a contraction in the UK economy this year. Contributing to the strong headwinds faced by the UK economy, the IMF underlined the mounting effects of elevated energy costs, persistent inflation and financial risks from increased interest rates
UK economy forecast to shrink by 0.3% this year, says IMF
UK on track to be worst-performing G7 economy this year, says IMF – as it happened
Although the IMF slightly upgraded its last forecast, it still anticipates a contraction in the UK economy this year. Contributing to the strong headwinds faced by the UK economy, the IMF underlined the mounting effects of elevated energy costs, persistent inflation and financial risks from increased interest rates
UK economy forecast to shrink by 0.3% this year, says IMF
UK on track to be worst-performing G7 economy this year, says IMF – as it happened
