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Global Trade Tensions

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IMF Boosts UK Growth Forecast Despite Tariff Challenges

Originally Published 7 months ago — by BBC

Featured image for IMF Boosts UK Growth Forecast Despite Tariff Challenges
Source: BBC

The IMF has slightly upgraded its UK growth forecast for 2025 to 1.2%, citing a strong start to the year, but warns that the Chancellor must adhere to fiscal rules amid global uncertainties and trade tensions. The IMF praises government reforms and trade agreements but highlights challenges like rising inflation and the need for careful fiscal management to sustain growth.