UK growth forecast upgraded but higher energy prices to hit economy next year
The prediction from the IMF comes as final preparations are being made for the first Budget under Prime Minister Andy Burnham.
IMF raises UK growth forecast as economist says Healey should ‘stay the course’
Fund upgrades UK’s GDP growth forecast for 2026 to 1.3%, but says it is likely to edge down next yearIMF warns global economy ‘could soon test the limits of resilience’John Healey should “stay the course” and continue repairing the UK’s public finances, the International Monetary Fund’s top economist has said, after the fund lifted its growth forecast for Britain.Little more than a fortnight before Healey’s first budget, Silvana Tenreyro, the IMF’s economic counsellor, said the UK “stands out” among G7 countries in having a plan to narrow its deficit. Continue reading...
Heather Stewart in BangkokEconomicsInternational Monetary Fund (IMF)