empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account
Caricatures and drawings on Forex portal
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
UK to avoid recession, IMF says

Positive predictions are coming true increasingly rare these days. First, the risk of a US debt default was eliminated. Then it turned out that Europe managed to avoid a recession. Now there is every chance that the UK economy will stabilize. At the same time, early forecasts suggested just the opposite.

The International Monetary Fund was one of the first to review its outlook for Britain. Now experts are confident that the country will avoid entering a recession and "maintain positive growth" this year. As stated on the Fund’s official website, gross domestic product is likely to increase by 0.4% in 2023, which is 0.7 percentage points above the previous projection. Back in April, the IMF expected the UK economy to shrink by 0.3% by the end of the year, making it the worst performer among the world's major economies.

According to the Fund, the improved outlook reflected the unexpected resilience of demand, driven in part by faster wage growth and higher government spending. Demand was also supported by lower energy prices and a global supply chain recovery.

At the same time, Britain’s growth potential remains subdued. Its economic activity has slowed considerably compared to last year, with inflation remaining "stubbornly high" at 10.1%. Nevertheless, it is forecast to ease to around 5% by the end of this year.

Back
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off