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IMF cuts UK's 2025 growth forecast to 1.1%, citing Trump's tariffs and rising costs.
The International Monetary Fund (IMF) has sharply reduced the UK's economic growth forecast for 2025 to 1.1%, down from 1.6%, citing impacts from US President Donald Trump's trade tariffs, higher borrowing costs, and increased energy prices.
The forecast for 2026 is also lowered to 1.4%.
The UK's inflation rate is expected to rise to 3.1% this year, complicating efforts to boost the economy.
Chancellor Rachel Reeves faces challenges in managing the economy, potentially requiring additional budget cuts or tax increases.
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El FMI recorta el pronóstico de crecimiento del Reino Unido para 2025 al 1.1%, citando los aranceles de Trump y el aumento de los costos.