UK Business

UK to perform worst of major economies in 2023, says IMF – here’s how to achieve long-term growth

Written by Michael Kitson, Associate Professor in International Macroeconomics, Cambridge Judge Business School

Golden Dayz/Shutterstock

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow – including sanctions-hit Russia. Meanwhile the Bank of England expects the UK economy will be no larger in 2026 than it...

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