IMF Slashes UK Growth Forecast by 0.5% – Guido Fawkes

IMF Slashes UK Growth Forecast by 0.5%

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The International Monetary Fund has just downgraded its forecasts for the UK’s growth in its World Economic Outlook series. The UK economy is now predicted to grow by 1.1% this year, a 0.5% drop since the IMF’s prediction in January of 1.6% in 2025. No amount of ‘growth’ gaslighting from Reeves can help her out with this one…

Meanwhile, global growth is projected to fall from 3.3% in 2024 to 2.8% in 2025 partly due to Trump’s tariffs. UK inflation is set to be 0.7% points higher this year, compared with the previous forecast at 3.1% thanks to Labour’s ‘Awful April’ bills. A brutal blow to the Chancellor…