IMF Doomsayers Upgrade UK Growth Forecast

The International Monetary Fund has today upgraded its forecasts for the UK’s growth. It estimated in April that growth in 2024 would reach 0.5% – that’s now upgraded to 0.7% as expectations for 2025 also get a boost to 1.5%. That’s after the UK economy outperformed all doomsayer expectations with 0.6% growth in the first quarter of the year…

Now the IMF says:

“With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023.