Australia’s economic growth will slow as the global economy faces “perilous” challenges, persistently high inflation and risks of further financial turmoil, the International Monetary Fund said in its latest global outlook…
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IMF
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EconomyEuropeNewsUKUnited Kingdom
UK Economy Set for Smaller Hit in 2023 Than Previously Feared – IMF
April 11 (Reuters) – Britain now looks set for a shallower economic hit this year than previously thought but remains on course to suffer the sharpest contraction among the world’s…
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The UK’s Treasury chief on Friday criticized the International Monetary Fund (IMF) for consistently underestimating the UK’s economy, after it predicted that it would perform poorly this year. The comments…
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EconomyEuropeNewsUKUnited Kingdom
UK Economy Flat in February as Strikes and Inflation Bite — and the IMF Delivers Reality Check
by Lucas Hayesby Lucas HayesLONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on Thursday showed a steady GDP in February, missing consensus expectations…
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EconomyEuropeNewsUKUnited Kingdom
Britain’s Economy is Back, Says Chancellor
by Kit Westby Kit WestChancellor Jeremy Hunt says Britain’s economy is “back”, and that his strategy for growth has been welcomed at the International Monetary Fund meeting in Washington. His predecessor, Kwasi Kwarteng, left…
