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Evening Standard

Business

Henry Saker-Clark

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF

International Monetary Fund United Kingdom Rachel Reeves Economy PA Graphics

The IMF upgraded its prospects for the UK economy in 2025, in a potential boost for Chancellor Rachel Reeves (Stefan Rousseau/PA) - (PA Wire)

UK economic growth is set to accelerate this year after it missed forecasts in 2024, the International Monetary Fund 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.

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