UK economy receives hefty growth upgrade from IMF Economics The international fiscal watchdog now expects the UK to grow 1.1 per cent in 2024, up from a previous forecast of 0.7 per cent.
IMF predicts global debt to surpass $100 trillion this year Economics In its latest fiscal monitor, the international fiscal watchdog said that public debt had spiralled post-pandemic, as governments increasingly embraced spending to stimulate economic growth.
Stubborn inflation could hold back UK growth warns IMF Economics In its latest World Economic Outlook, the global fiscal watchdog forecast that the UK would grow 0.7 per cent in 2024, unchanged on its last projection in May.
IMF upgrades growth forecasts for UK economy but warns of ‘tough choices’ ahead May 21, 2024 "With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023," the IMF said.
IMF warns Britain must address ‘fundamental’ fiscal imbalances April 17, 2024 By 2029, global debt is projected to be roughly equal to global output.
Chancellor Jeremy Hunt: Conservatives will cut taxes again in autumn ‘if we can’ April 17, 2024 Speaking to the Financial Times, the Chancellor said further tax cuts were on the table for an autumn fiscal event, but stressed it would depend on "responsible management of the economy".
IMF says the UK will be the fastest-growing major economy in Europe next year April 16, 2024 The projections suggest the UK economy is unlikely to generate much momentum this year, and will lag all G7 economies apart from Germany.
Industrial policy is not a ‘magic bullet’ for economic problems, IMF warns April 10, 2024 Industrial policy should not be seen as a "magic bullet", the IMF cautioned, as more economies turn to a bigger state to support industry.
Sunak promises tax cuts and tells doubters he is ‘totally up for the fight’ February 10, 2024 Hard work should be rewarded with tax cuts, Rishi Sunak has said, telling critics who doubt he can turn his party around that he is “totally up for the fight”.
IMF: Germany to be weakest major economy in 2024 while UK downgraded again January 30, 2024 In 2025, the IMF expects growth in the UK to pick up to 1.6 per cent, predicting that disinflation would allow "an easing in financial conditions" and real income growth.