In its biannual World Financial Outlook, the Washington-based organisation revised its UK development forecast for 2024 to 1.1%, up from the 0.7% predicted in July. Nonetheless, its projection for 1.5% development in 2025 remained unchanged.
This transformation within the UK’s financial outlook was the second largest uptick in projections since July amongst superior economies, with solely Spain receiving a bigger predicted enhance of 0.5%.
IMF urges Reeves to mood debt ranges to keep away from triggering ‘antagonistic market response’
Forward of her first main fiscal occasion subsequent week, Reeves embraced the IMF’s predictions: …
