Tag Archives: gross domestic product

Bleak Outlook for UK Growth as IMF Downgrades Forecast

Bleak Outlook for UK Growth as IMF Downgrades Forecast

The UK economy is set for a sluggish year, with the International Monetary Fund (IMF) revising its growth forecast downwards. This news paints a grim picture for the British people, with the country predicted to be the second-worst performer among leading industrialized nations (G7) in 2024. The IMF now expects UK gross domestic product (GDP) to expand by a meagre …

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