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Evening Standard
Evening Standard
World
Dominic McGrath

UK will avoid recession in 2023, says IMF

International Monetary Fund United Kingdom Recession European Union Inflation

The International Monetary Fund (IMF) said it is not expecting the UK to enter a recession this year.

In an update to recent forecasts, it said: “Buoyed by resilient demand in the context of declining energy prices, the UK economy is expected to avoid a recession and maintain positive growth in 2023.”

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