Economics
IMF eyes ‘turning point’ for global economy
Britain faces the bleakest two years of any major industrial nation with a recession in 2023 and the slowest growth of peers in 2024
The International Monetary Fund (IMF) sees a “turning point” for the global economy as it raised its growth outlook for the first time in a year, with resilient US spending and China’s reopening buttressing demand against a litany of risks.
However, it said Britain faces the bleakest two years of any major industrial nation with a recession in 2023 and the slowest growth of peers in 2024.
The UK will be the only Group of ...