Summary of IMF hikes UK growth outlook amid lower inflation and interest rates The ...

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2024-10-22 13:15:58

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Summary of IMF hikes UK growth outlook amid lower inflation and interest rates

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IMF hikes UK growth outlook amid lower inflation and interest rates

The IMF now sees 1.1% growth for the U.K. economy this year, up from its July forecast of 0.7%, and reiterated a forecast for 1.5% expansion in 2025.

https://www.cnbc.com/2024/10/22/imf-hikes-uk-growth-outlook-amid-lower-inflation-and-interest-rates.html

The International Monetary Fund has raised its 2024 growth outlook for the United Kingdom, citing declines in interest rates and inflation, and forecasts a 1.1% growth for the U.K. economy this year. The IMF also reiterated its forecast for a 1.5% expansion in 2025. Economic growth has been tepid so far this year, coming in at 0.2% in August after flatlining in June and July. The IMF's brighter outlook comes as the country braces for the center-left Labour Party to deliver its first budget in 14 years.

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2024-10-22 13:15:58

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