IMF forecasts UK's 2025 growth at 1.6%, marking it the fastest-growing major Euro economy.

The IMF has upgraded the UK's economic growth forecast for 2025 to 1.6%, up from the previous 1.5% estimate. This improvement is attributed to increased public spending, higher real incomes, and the Bank of England's interest rate cuts. The UK is projected to be the fastest-growing major European economy over the next two years, outpacing Germany, France, and Italy. However, it will still lag behind the US and Canada. Chancellor Rachel Reeves sees this as a boost for her economic policies.

2 months ago
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