The Latest Breaking News from Inflation

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine. That's the view of the International Monetary Fund, which now expects the world…

In today’s newsletter: Soaring inflation pushes more people to the streets as shelters struggle and budgets are slashed. How far are we from ending the crisis – and is anywhere doing it right?

"2023 could be the year of turning points, with growth bottoming out and inflation decreasing," IMF chief economist says.

IMF predicts UK economy will contract by 0.6% in 2023 as Britain looks set to suffer more than most from soaring inflation

The IMF has predicted UK output to shrink by 0.6% this year

The forecast leaves the UK economy languishing behind sanctions-hit Russia

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll

The UK is set to see its economy contract 0.6% this year according to the International Monetary Fund which will be the worst performance of all the advanced nations

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

Britain's economy will slam into reverse this year as the cost-of-living crisis hits households hard, the International Monetary Fund warns