IMF concludes annual Mission to assess UK economy 바카라 사이트� upgrading UK growth and endorsing fiscal strategy.
IMF upgraded the UK바카라 사이트檚 growth forecast for 2025 to 1.2%, saying that 바카라 사이트渁n economic recovery is underway바카라 사이트�.聽
Today the IMF released the concluding of their findings from the UK Article IV Mission 바카라 사이트� their annual review of the UK바카라 사이트檚 economic and fiscal outlook and policies.
As part of this, the IMF upgraded the UK바카라 사이트檚 growth forecast for 2025 to 1.2%, saying that 바카라 사이트渁n economic recovery is underway바카라 사이트�.聽
Chancellor of the Exchequer, Rachel Reeves said:聽聽
The UK was the fastest growing economy in the G7 for the first three months of this year and today the IMF has upgraded our growth forecast. We바카라 사이트檙e getting results for working people through our Plan for Change 바카라 사이트� with three new trade deals protecting jobs, boosting investment and cutting prices, a pay rise for three million workers through the National Living Wage, and wages beating inflation by 拢1,000 since the election.
The IMF endorsed the government바카라 사이트檚 fiscal strategy as striking 바카라 사이트榓 good balance between supporting growth and safeguarding fiscal sustainability바카라 사이트�; the strategy focuses on delivering stability through ironclad commitment to our robust fiscal rules and a single fiscal event a year, while increasing investment and pursuing ambitious structural reform to boost productivity and growth. Growth is the solution to the challenges we face, and this government is going further and faster to unlock growth that is sustainable in the long term.聽
The IMF also highlighted support for the government바카라 사이트檚 Growth Mission, and that it 바카라 사이트渇ocuses on the right areas to lift productivity바카라 사이트�. Through the Growth Mission, the government is restoring stability, increasing investment, and reforming the economy to drive up prosperity and living standards across every region of the UK.聽
The IMF welcomed the government바카라 사이트檚 spending plans as 바카라 사이트渃redible and growth-friendly바카라 사이트�, noting that 바카라 사이트渢hey are expected to provide an economic boost over the medium term바카라 사이트�. The government바카라 사이트檚 upcoming Spending Review, Industrial Strategy and Infrastructure Strategy will deliver the certainty and stability businesses need to invest in the UK바카라 사이트檚 growing and high potential sectors.聽
The IMF바카라 사이트檚 full UK Article IV surveillance report will be published in the summer.