The UK’s economic growth forecast has been slashed by the International Monetary Fund (IMF), with a warning that the fallout from Donald Trump’s trade war will hit Britain harder than the rest of Europe.
The global economic organisation predicts growth will stall by 0.5 per cent in 2025, compared to its previous forecast, with a further downgrade of 0.1 per cent in 2026. It means the UK economy will grow by just 1.1 per cent next year, and 1.4 per cent the year after.
