Its Chief Economist, Pierre-Olivier Gourinchas, described that “we are entering a perilous phase during which economic growth remains low by historical standards and financial risks have risen, yet inflation has not yet decisively turned the corner.”
The UK received an upgrade to its economic growth forecast this year and next, but it’s still forecasted to be the worst-performing economy in the G7 this year, shrinking by 0.3%.
Read more: https://news.sky.com/story/world-economy-entering-perilous-phase-with-uk-to-perform-worst-in-g7-this-year-imf-says-12855069
#ukeconomy #ukimf #ukg7
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