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The Independent UK
The Independent UK
National
Matt Mathers

Why the UK economy is worse off than Russia and other EU countries

Economy Russia PierreOlivier Gourinchas Bank of England Vladimir Putin Inflation International Monetary Fund
Getty Images/iStockphoto

The UK economy is expected to shrink more than expected this year and will be the worst-performing of all the advanced G7 countries, according to the International Monetary Fund.

The IMF’s latest forecast puts the UK languishing behind the US, Germany and even Russia, which has been hit with sanctions and is spending billions of pounds on its illegal war in Ukraine.

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