IMF sees less severe global contraction but worsening outlook for many emerging markets
4 years, 2 months ago

IMF sees less severe global contraction but worsening outlook for many emerging markets

Live Mint  

The International Monetary Fund on Tuesday said forecasts for the global economy were "somewhat less dire" as wealthy countries and China rebounded more quickly than expected from coronavirus lockdowns but warned that the outlook was worsening for many emerging markets. The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, an improvement over a 5.2% contraction predicted in June, when business closures reached their peak. The global economy will return to growth of 5.2% in 2021, the IMF said, but the rebound will be slightly weaker than forecast in June, partly due to the extreme difficulties for many emerging markets and slowing reopening momentum as the virus continues to spread. The IMF said that the United States will see a 4.3% contraction in GDP during 2020, considerably less severe than the 8% contraction forecast in June.

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History of this topic

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
2 months, 2 weeks ago

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections

China Daily  

The International Monetary Fund (IMF) has downgraded its global growth projections for 2024, with a revised forecast of 3.2 percent for this year and 4.5 percent for 2025. The IMF warns about the global economic outlook, highlighting geopolitical risks, trade protectionism, and challenges in the real estate sector.

US Economy Booms, Outperforming Global Leaders
2 months, 2 weeks ago

US Economy Booms, Outperforming Global Leaders

Live Mint  

The U.S. economy is leading the world in terms of productivity and wages, with a surge in investment boosting output and wages. The IMF projects U.S. gross domestic product to expand 2.5% in the fourth quarter, higher than the previous July forecast, while global output is projected to grow 3.3%. The U.S. is also expected to grow faster than all …

IMF's economic view: A brighter outlook for US but still-tepid global growth
2 months, 2 weeks ago

IMF's economic view: A brighter outlook for US but still-tepid global growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Strong consumption, exports spur IMF's brighter outlook for nation
5 months, 3 weeks ago

Strong consumption, exports spur IMF's brighter outlook for nation

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. Jean-Marc Natal, deputy chief of the World Economic Studies Division at IMF's Research Department, said at the briefing that one of the reasons for the upward revision "is that we expect that the new …

IMF boosts China's growth outlook to 5 percent for year
5 months, 3 weeks ago

IMF boosts China's growth outlook to 5 percent for year

China Daily  

Workers assemble doors for new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. The International Monetary Fund raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook Update released on Tuesday. Pierre-Olivier Gourinchas, the IMF's …

IMF Retains Growth Forecast for India at 7 PC in FY25
6 months, 2 weeks ago

IMF Retains Growth Forecast for India at 7 PC in FY25

Deccan Chronicle  

Chennai: The International Monetary Fund on Tuesday retained the growth of the Indian economy for the current fiscal at 7 per cent and for next year at 6.5 per cent. As projected in July, the IMF retained the growth forecast for FY25 at 7 per cent and FY26 at 6.5 per cent. Deloitte India too on Tuesday projected 7 -7.2 …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
7 months ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Policy and resilience raise confidence in stable economic growth this year
7 months, 1 week ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
7 months, 1 week ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy
7 months, 2 weeks ago

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy

Daily Mail  

The IMF upgraded forecasts for the UK economy today as Jeremy Hunt swiped at 'unjustified pessimism'. The international body said Britain is on track for a 'soft landing', with GDP predicted to rise 0.7 per cent this year as inflation eases. Jeremy Hunt met the managing director of the IMF, Kristalina Georgieva, at Downing Street today Official figures for the …

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
7 months, 3 weeks ago

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

Associated Press  

UNITED NATIONS — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. “Globally, energy and food prices are inching upward in recent months, but I think a bit more insidious even is the persistence …

The real reason behind fluctuations in global foreign exchange market
8 months, 2 weeks ago

The real reason behind fluctuations in global foreign exchange market

China Daily  

In recent days, the currencies of emerging market countries have caught everyone's attention because of a weak streak, with the Indonesian rupiah falling to a four-year low, the Malaysian ringgit tumbling to its lowest exchange rate since 1998, and the Indian rupee dropping to a record low. According to the IMF, if the US Federal Reserve keeps its benchmark interest …

Data show general upward growth trend holds firm
8 months, 2 weeks ago

Data show general upward growth trend holds firm

China Daily  

The skyline of Beijing. A comprehensive analysis of the first quarter data shows that more indicators reflect the general trend of high-quality economic development. For example, investment in high-tech industries increased by 11.4 percent year-on-year, 2 percentage points higher than that from January to February, and 6.9 percentage points higher than all investment; the added value of industries such as …

Sobering assessment: On the IMF forecast, World Bank report
8 months, 2 weeks ago

Sobering assessment: On the IMF forecast, World Bank report

The Hindu  

The global economy has avoided the spectre of a debilitating recession, with the IMF last week raising its forecast for worldwide aggregate growth in 2024 to 3.2%, from the 2.9% it had projected in October. The IMF has underlined the fact that the global economy has, with surprising resilience, ridden out several adverse shocks as well as ‘significant central bank …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
8 months, 3 weeks ago

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,’' including stubborn inflation and rising levels of government debt. In the United States, she said, “the flipside’’ of …

IMF forecasts India’s economy to grow 6.8% this fiscal year
8 months, 3 weeks ago

IMF forecasts India’s economy to grow 6.8% this fiscal year

The Hindu  

The International Monetary Fund on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The global economy had remained “remarkably resilient” with steady growth and inflation returning to target and had “defied expectations of stagflation and global recession” in the wake of the post-pandemic supply disruptions, …

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF
8 months, 3 weeks ago

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF

Hindustan Times  

US has a 2x rate of GDP growth relative to any other G7 country this year, as per International Monetary Fund projections, while its economy gains the upper hand globally, creating wild market swings by itself. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas holds the IMF's World Economic Outlook during a press briefing at the IMF-World Bank Group spring meetings …

IMF: Outlook for world economy is brighter, though still modest by historical standards
8 months, 3 weeks ago

IMF: Outlook for world economy is brighter, though still modest by historical standards

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
8 months, 4 weeks ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

Associated Press  

WASHINGTON — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ -– …

IMF projects Indian economy to grow at 6.7 per cent in FY24
11 months, 1 week ago

IMF projects Indian economy to grow at 6.7 per cent in FY24

India Today  

The International Monetary Fund has changed its growth forecast for India, expecting the economy to expand by 6.7 per cent in the fiscal year 2024, up from the previous estimate of 6.3 per cent. In addition to the upgraded forecast for India, the IMF projects a steady growth rate of 6.5 per cent for the subsequent fiscal years, FY25 and …

IMF raises growth forecast for global economy
11 months, 1 week ago

IMF raises growth forecast for global economy

Firstpost  

The two biggest economies in the world, China and the United States, have improved economic prospects, according to the International Monetary Fund, which raised its prediction for global growth on Tuesday. Although a “soft landing” appeared to be imminent, according to the IMF’s most recent World Economic Outlook, head economist Pierre-Olivier Gourinchas noted that global trade and overall GDP were …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
11 months, 1 week ago

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. But Gourinchas said that for now, the Red Sea disruptions don’t seem to be “a major source of reigniting supply side inflation,” which arose from far more severe shipping backlogs …

Global economy will slow for a third straight year in 2024, World Bank predicts
1 year ago

Global economy will slow for a third straight year in 2024, World Bank predicts

Associated Press  

WASHINGTON — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. “Near-term growth will remain weak, leaving many developing countries — especially the poorest — stuck in a trap: with paralyzing levels of debt and tenuous access to food for nearly one out of …

Asian economies under cosh as China's property woes bite: IMF
1 year, 2 months ago

Asian economies under cosh as China's property woes bite: IMF

Firstpost  

Meanwhile, the strength of the U.S. economy has offered less support to Asia than in the past because it has been focused on the service sector, which does not fuel demand for exports, the Fund said in a blog on the region’s outlook. China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 2 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

Associated Press  

DUBAI, United Arab Emirates — Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook. The IMF expects economic growth to slow to 2% this year in the Middle East and …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 2 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The IMF expects economic growth to slow to 2% …

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023
1 year, 2 months ago

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023

Firstpost  

The International Monetary Fund’s World Economic Outlook for October, released on Tuesday, forecasts a growth of 2.5 per cent for the country’s economy in the current year, doubling to 5 per cent in the next fiscal year The IMF expects Pakistan’s economy to perform better in the current and next fiscal years compared to other multilateral agencies’ projections despite the …

IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption
1 year, 2 months ago

IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption

India TV News  

The International Monetary Fund has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. Inflation and global growth outlook The IMF estimated India's consumer inflation for the fiscal year at 5.5%, slightly above the Reserve Bank of India's forecast of 5.4%. Globally, the IMF predicts a slowdown in …

IMF raises India growth forecast for FY24 to 6.3%
1 year, 2 months ago

IMF raises India growth forecast for FY24 to 6.3%

Live Mint  

The International Monetary Fund lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption” during the June quarter. The five emerging market economies—Brazil, China, India, Indonesia and Russia—have contributed about 0.9% percentage points to the decline in medium-term global growth prospects between 2008 and 2023, the IMF report added. In its global …

Amid Israel-Hamas conflict, IMF outlook worsens for a 'limping' world economy
1 year, 2 months ago

Amid Israel-Hamas conflict, IMF outlook worsens for a 'limping' world economy

Hindustan Times  

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. “The global economy is limping along, not sprinting," IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the …

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty
1 year, 2 months ago

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty

Associated Press  

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. “The global economy is limping along, not sprinting,” IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the …

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap
1 year, 2 months ago

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap

The Telegraph  

The accuracy of the International Monetary Fund’s forecasts has come under greater scrutiny than ever after it published gloomy predictions that analysts warned were already out of date. The Fund claimed Britain’s economy will be the worst performing in the G7 next year, posing a potential headache for Rishi Sunak as he fights the next general election. The latest predictions …

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge
1 year, 2 months ago

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge

LA Times  

The International Monetary Fund and World Bank are holding their annual meetings in Marrakech, Morocco. “The global economy is limping along, not sprinting,” IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the organization’s annual meeting, which is being held in Marrakech, Morocco. It’s “too early” to assess the impact on global economic growth from the days-old war …

China's economy on slow lane: Is the country's 4-decade glory run over?
1 year, 4 months ago

China's economy on slow lane: Is the country's 4-decade glory run over?

India Today  

The Chinese economy is in deep trouble and its ripples are being felt across the globe. Structural gaps in the Chinese economy had started to show even before the Covid-19 pandemic ravaged the world economy, but the miscalculated steps taken by the People's Republic of China made the economic situation worse. In 2021, GDP growth in China bounced back to …

IMF predicts Indian economy to grow at 6.1 percent in 2023
1 year, 5 months ago

IMF predicts Indian economy to grow at 6.1 percent in 2023

Deccan Chronicle  

Washington: The International Monetary Fund has predicted that India's economy will grow at 6.1 percent in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment. IMF said in the latest update of the World Economic Outlook that growth in …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 5 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

Associated Press  

WASHINGTON — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday. IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 5 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Global growth will see a …

IMF raises India’s 2023 GDP growth forecast to 6.1%
1 year, 5 months ago

IMF raises India’s 2023 GDP growth forecast to 6.1%

Live Mint  

The International Monetary Fund on Tuesday revised India’s GDP growth forecast to 6.1% for 2023, up from 5.9% projected by the financial institution earlier this year as a result of stronger domestic investment. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the …

IMF Raises India's GDP Forecast To 6.1% For FY24, Lowers Global Economy Growth Projection
1 year, 5 months ago

IMF Raises India's GDP Forecast To 6.1% For FY24, Lowers Global Economy Growth Projection

ABP News  

The International Monetary Fund has raised India's GDP growth forecast for the financial year 2023-24 to 6.1 per cent from earlier 5.9 per cent after the country's stronger-than-expected growth in the fourth quarter of 2022. The global lender in its latest World Economic Outlook on Tuesday also revised its projection for the growth of the global economy in 2023 to …

IMF projects Indian economy to grow at 6.1% in 2023
1 year, 5 months ago

IMF projects Indian economy to grow at 6.1% in 2023

The Hindu  

The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection,” it said in its latest update of the World Economic Outlook. Inflation …

IMF head welcomes Europe's interest rate hikes in campaign against inflation
1 year, 6 months ago

IMF head welcomes Europe's interest rate hikes in campaign against inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the International …

UK economy is no longer to fall into a recession in 2023, says IMF
1 year, 7 months ago

UK economy is no longer to fall into a recession in 2023, says IMF

Firstpost  

Britain’s economy is no longer will fall into a recession this year, the International Monetary Fund said on Monday, adding that it upgraded forecasts published last month and warned that the outlook remains subdued. “The improved outlook reflected the unexpected resilience of demand, helped in part by faster than usual pay growth, higher government spending and improved business confidence,” it …

IMF no longer expects UK recession this year
1 year, 7 months ago

IMF no longer expects UK recession this year

CNN  

London CNN — The United Kingdom will not, after all, be the worst-performing rich economy this year, the International Monetary Fund said Tuesday, announcing a major revision to its previous gloomy forecast. The forecast reflected “higher-than-expected” resilience in demand helped by strong wage growth, improved confidence and falling energy prices, the IMF added. While previously the IMF saw UK GDP …

India, China to contribute half of global growth: IMF
1 year, 8 months ago

India, China to contribute half of global growth: IMF

Deccan Chronicle  

New Delhi: Growth in the dynamic Asia-Pacific region is projected to increase to 4.6 per cent this year from that of 3.8 per cent recorded in 2022, according to the International Monetary Fund which stated that the growth will be largely led by India and China. In its Regional Economic Outlook - Asia and Pacific report released on Tuesday, the …

IMF urges Asian central banks to maintain monetary policy ‘tighter for longer’ to tackle inflation risks
1 year, 8 months ago

IMF urges Asian central banks to maintain monetary policy ‘tighter for longer’ to tackle inflation risks

Firstpost  

The IMF expects growth in the Asia-Pacific region’s economy at 4.6 per cent this year, up 0.3 points from its October forecast and faster than a 3.8 per cent rise in 2022 Washington: According to senior International Monetary Fund official Krishna Srinivasan, Asian central banks may need to maintain monetary policy “tighter for longer” to tackle the region’s persistently high …

UK to be worst-performing economy in G7 this year, IMF warns
1 year, 8 months ago

UK to be worst-performing economy in G7 this year, IMF warns

The Independent  

Britain is on course for the worst economic performance of any country in the G7, the International Monetary Fund has predicted, as it warned of more turmoil in a “fragile” global financial system. “Notably, emerging market and developing economies are already powering ahead in many cases, with growth rates jumping from 2.8 per cent in 2022 to 4.5 per cent …

IMF slashes Pakistan’s growth rate from 2% to 0.5% for FY23
1 year, 8 months ago

IMF slashes Pakistan’s growth rate from 2% to 0.5% for FY23

The Hindu  

The IMF has lowered its forecast for Pakistan’s economic growth rate from 2% to just 0.5% for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country. This showed an unambiguous deterioration of economic fundamentals over the last six months since October when the IMF forecast the country’s gross domestic product to grow by …

IMF forecasts Pakistan’s economy to slump, inflation to rise
1 year, 8 months ago

IMF forecasts Pakistan’s economy to slump, inflation to rise

Al Jazeera  

IMF says Pakistan’s economy will grow just 0.5 percent this year, down from 6 percent in 2022. The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5 percent this year, down from 6 percent in 2022. The latest data on Pakistan’s ailing economy was released by the …

IMF: Prolonged high inflation dims outlook for world economy
1 year, 8 months ago

IMF: Prolonged high inflation dims outlook for world economy

Associated Press  

WASHINGTON — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. The fund said the possibility of a “hard landing,” in which rising interest rates weaken growth so much as to cause a recession, has ”risen sharply,” especially …

British economy will take a smaller hit in 2023 than previously anticipated, says IMF
1 year, 8 months ago

British economy will take a smaller hit in 2023 than previously anticipated, says IMF

Firstpost  

Britain is no longer the only Group of Seven economy set for a fall in GDP this year as Germany too is now expected to shrink by 0.1%, the IMF global forecasts indicated. After narrowly avoiding recession in 2022, Britain’s economy has shown some signs of resilience in early 2023 London: Britain is expected to take a smaller economic hit …

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