IMF Raises UK Growth Outlook

This is a U.K. news story, published by CNBC, that relates primarily to the Bank of England news.

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growth outlook

CNBC

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IMF hikes UK growth outlook amid lower inflation and interest rates

Summary

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77% Informative

IMF now sees 1.1% growth for the U.K. economy this year , up from a July forecast of 0.7% .

Lower rates of services inflation and wage growth have led economists over the last week to forecast a faster pace of interest rate cuts from the Bank of England .

IMF also trimmed its growth outlook for the euro zone in 2024 to 0.8% from 0.9% .

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formal

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English

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