""But know this is just the start. For too many people, our economy feels stuck," she said. "Working people feel it every day, experts talk about it, and I am going to deal with it.""
"UK inflation is forecast to average 3.4% this year and 2.5% in 2026 but the IMF says this will be "temporary", and fall to 2% by the end of next year."
""grim reading""
""were being squeezed from all sides""
The IMF projects UK growth of 1.3% in 2025 and 2026, positioning the UK as the second-fastest growing G7 economy in 2025 behind the US. UK inflation is forecast to average 3.4% this year and 2.5% in 2026, driven higher by larger energy and utility bills, with the IMF expecting inflation to be temporary and to fall to 2% by the end of next year. Canada faces significant downgrades for 2025–26 but is forecast to grow 1.5% in 2026. Germany, France and Italy are expected to expand between 0.2% and 0.9%. Political reactions highlight concern about household pressure and structural economic challenges.
Read at www.bbc.com
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