IMF upgrades UK growth outlook after sluggish year January 17, 2025 UK economic growth is set to accelerate this year after it missed forecasts in 2024, the International Monetary Fund (IMF) has said. The global economic body slightly upgraded its growth projection for the UK in a fresh update of its influential World Economic Outlook report. The IMF said UK gross domestic product (GDP) is on [...]
‘Here for the long haul’: Reeves defends her position after market turmoil January 17, 2025 Rachel Reeves has insisted she is “here for the long haul” as she defended her position as Chancellor in the wake of bond market turmoil and rising government borrowing costs. The UK’s Chancellor has faced criticism for embarking on a trip to China last weekend while government borrowing costs surged and the value of the [...]
IMF chief sees steady world growth in 2025 January 11, 2025 Kristalina Georgieva said the US economy was doing "quite a bit better" than expected.
French budget crisis show fiscal fears are rising back up the agenda December 3, 2024 The mounting budget crisis in France looks set to revive the spectre of sovereign debt levels.
Why Donald Trump’s love affair with tariffs will only end badly November 26, 2024 A lot of ink has been spilled trying to work out what impact this will have on the global economy. To cut a long story short, nobody knows exactly what will happen - but it is not going to be good.
Bank of England boss touts benefits of free trade as Trump tariffs loom November 14, 2024 With protectionism coming back into fashion around the world, Bailey owned up to being an "old-fashioned free trader at heart".
US elections: ‘Steep challenges’ for trade as UK exports could fall by £22bn November 8, 2024 Trade experts have warned Donald Trump’s proposed tariffs could pose “steep challenges” for the UK’s trade, with exports at risk of falling by £22bn. Ahead of his victory in the US election, Trump said he wants to increase tariffs on goods imported from around the world by 10 per cent, rising to 60 per cent [...]
Rachel Reeves gives clear signal that public investment will increase October 24, 2024 "Our upcoming Budget will be a reset for our economy as we invest in the foundations of future growth," she will say at the International Monetary Fund's (IMF) latest annual meeting.
IMF warns UK is at risk of ‘adverse market reaction’ without action on debt October 23, 2024 Government debt will rise through the 2020s, surpassing GDP and putting the UK at risk of an "adverse market reaction", the IMF warned.
UK economy receives hefty growth upgrade from IMF October 22, 2024 The international fiscal watchdog now expects the UK to grow 1.1 per cent in 2024, up from a previous forecast of 0.7 per cent.