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The National (Scotland)
The National (Scotland)
National
Laura Webster

UK growth forecast downgraded AGAIN as IMF makes gloomy prediction

International Monetary Fund United Kingdom Inflation G7 Economic Growth Economy
Boris Johnson has overseen the UK's inflation rate rising to its highest level in 40 years

THE UK’s economic growth is slowing even more due to rampant inflation and it is set to be the weakest economy among the G7 nations next year, the International Monetary Fund (IMF) has warned.

In its latest World Economic Outlook update, the body downgraded its UK growth forecast for 2022 to 3.2%, from 3.7% in April.

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