The International Monetary Fund has upgraded its economic growth projection for the United Kingdom in 2026 to 1.3%, while simultaneously cautioning that the rate of expansion is likely to decelerate in the following year. The forecast adjustment comes as the global economy faces increasing pressure, with the IMF warning that it “could soon test the limits of resilience.”
IMF Boosts UK Growth Outlook, Urges Healey to Maintain Fiscal Discipline
Finally, some good news from the IMF. Maybe the outlook isn’t as grim as the daily headlines suggest.
The resilience warning for the global economy is the real story here. UK growth might follow if things go south.
Does anyone else think ‘fiscal discipline’ is just a polite way of saying austerity? My grocery shop disagrees.
I’m more worried about the slowdown next year. 1.3% feels optimistic when my energy bill keeps rising.
A small upgrade, but welcome. Hope the government doesn’t interpret this as permission to spend recklessly.