62 Days
Source:
The Guardian
IMF Upgrades UK Growth Forecast as Concerns Over Iran War Impact Diminish
The IMF has upgraded its UK economic growth forecast for 2026 to 1%, making it the third fastest-growing G7 economy, amid hopes that the economic impact of the Iran war may be less severe than initially feared. The outlook suggests the UK economy is likely to be resilient, supported by advances in artificial intelligence and a slight fall in inflation, with the GDP forecast remaining unchanged for 2027 at 1.3%. The IMF warned that renewed conflict could increase commodity prices and cause market volatility, but overall global growth projections remain steady.
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