🔴 Britain’s GDP growth will be worse than any other major economy with Germany the only other country seeing its economy shrink
is set to shrink by 0.3 per cent this year and grow by just 1 per cent in 2024, according to the latest version of the fund’s World Economic Outlook.
Germany is the only other member of the G7 to be on course for a decline in GDP with even Russia predicted to see economic growth. Chancellor Jeremy Hunt said: “Thanks to the steps we have taken, the OBR says the UK will avoid recession, and our IMF growth forecasts have been upgraded by more than any other G7 country. The IMF now say we are on the right track for economic growth. By sticking to the plan we will more than halve inflation this year, easing the pressure on everyone.”
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