IMF hikes UK growth outlook with Labour set to deliver highly anticipated budget plans
The IMF now sees 1.1% growth for the U.K. economy this year, up from its July forecast of 0.7%, and reiterated a forecast for 1.5% expansion in 2025.
The IMF now sees 1.1% growth for the U.K. economy this year, up from its July forecast of 0.7%, and reiterated a forecast for 1.5% expansion in 2025.
The IMF projects global headline inflation to fall to 3.5% by the end of 2025.
By nearly every barometer, inflation is still well above where most Americans, and in fact some Fed officials, feel comfortable.
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.
Consumer spending held up in September, underscoring a resilient economy.
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England’s 2% target since April 2021.