Boost for economy as IMF upgrades forecast - but UK still lagging behind other G7 countries

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The IMF has warned that the UK is still the second slowest-growing economy in the G7 despite a “major upgrade” in its growth forecast for the country eleanormia reports:

alongside halving inflation rates, reducing debt, cutting NHS waiting list, and stopping small boat crossings.inflation unexpectedly fell to 7.9 per cent in JuneThe IMF said the UK’s improved economic prognosis was largely down to “stronger-than-expected consumption and investment from the confidence effects of falling energy prices”.

The United States is set to be the fasted growing major economy in 2023 at 1.8 percent, followed by 1.7 per cent in Canada, 1.4 per cent in Japan, 1.1 per cent in Italy, and 0.8 per cent in France. “The Covid-19 health crisis is officially over, and supply-chain disruptions have returned to pre-pandemic levels.

 

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