UK economy to shrink by 0.3% – the worst of any G7 country, as IMF warns of more turmoil

PA

Britain is on course for the worst economic performance of any country in the G7, the International Monetary Fund (IMF) has predicted, as it warned of more turmoil in a “fragile” global financial system.

The UK’s output is expected to contract by 0.3 per cent this year before rebounding to grow by 1 per cent next year, IMF economists said.