UK economic growth will be dragged back by the impact of the invasion of Ukraine and soaring inflation over the next two years, according to the International Monetary Fund (IMF).
In its latest World Economic Outlook update, the body has downgraded its UK growth forecast for 2022 to 3.7 per cent from the 4.7 per cent it predicted in January. The IMF had previously already downgraded its growth projection, having said it October last year it expected a 5 per cent rise.
