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World

UK growth is creeping up – but tough decisions still lie ahead

21 May 2024

10:32 PM

21 May 2024

10:32 PM

Today the International Monetary Fund has upgraded its growth forecasts for the UK: from 0.5 per cent this year to 0.7 per cent, followed by a 1.5 per cent rise in 2025 (unchanged from its previous update). These forecasts still sit slightly below the Office for Budget Responsibility’s most recent predictions – but only just.

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