IMF revises UK growth outlook upwards, but country still worse than comparable economies – video

In a bleak report from the International Monetary Fund (IMF), the UK is forecast to be one of the poorest performing major economies among the G7 nations in 2023.

Although the IMF slightly upgraded its last forecast, it still anticipates a contraction in the UK economy this year. Contributing to the strong headwinds faced by the UK, the IMF underlined the mounting effects of elevated energy costs, persistent inflation and financial risks from raised interest rates

• UK economy forecast to shrink by 0.3% this year, says IMF

• UK on track to be worst-performing G7 economy this year, says IMF - as it happened