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Bloomberg — Business — UK Economy — Economics — Investment — Inflation

IMF Says UK Economy Will Grow Faster Than Germany This Year

IMF upgraded UK growth forecast, warns against premature celebrations as inflation slows. UK economy to grow faster than Germany this year.

1 min read
  • IMF upgraded UK growth forecast to 0.4% this year, higher than Germany.
  • Fall in energy prices will also help UK grow.
  • Interest rates may need to rise and stay high to control inflation.
  • IMF recommends investment in public services and beefing up carbon taxes.
  • UK should examine a pre-funded deposit insurance regime for banks.
IMF Says UK Economy Will Grow Faster Than Germany This Year
The UK economy will grow faster than Germany this year and avoid a recession, the International Monetary Fund said, after sharply upgrading its forecast on the back of strong household spending and better relations with the European Union.
BloombergPhilip Aldrick