British economy

UK economy to avoid recession but inflation still a worry, IMF says

The IMF now thinks the British economy will grow by a still-modest 0.4% this year partly as a result of higher wages, up from its previous prediction just a month ago of a 0.3% decline
IMF Managing Director Kristalina Georgieva said at a press briefing in London that the latest assessment reflects “favorably” on the U.K. in comparison to other countries

By AP · 23 May 2023