IMF forecasts show UK bottom of the league for growth, says shadow chancellor

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight The International Monetary Fund's (IMF) forecasts show the UK to be "bottom of the league table for growth", according to Labour's shadow chancellor. Rachel Reeves said the workings backed the reality for Britain, which she said was the "only major economy to be smaller today than it was before the Covid pandemic hit". The IMF , a major financial agency of the United Nations , has suggested that the UK will see the worst economic performance of all advanced nations. In its latest World Economic Outlook update, its economists have downgraded their UK gross domestic product (GDP) forecast once again Recommended Charity boss speaks out over 'traumatic' encounter with royal aide Ukraine war's heaviest fight rages in east – follow live Britain's GDP is forecast to contract by 0.6% as the country battles with soaring inflation and higher interest rates. The UK economy had previously been forecast to grow by 0.3% growth in workings published in October by the IMF, but its latest update takes a bleaker view. Ms… Read full this story

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