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IMF: UK Economy to Exceed Expectations, Falls Short of Labour Promise

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July 16, 2024
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The International Monetary Fund has announced that it is revising its growth forecast for the UK economy this year. The Washington-based organization, which previously predicted that the UK would have the slowest growth among all G7 nations, now expects it to be in the middle of the pack. The updated forecast, which raises the projected growth rate from 0.5% to 0.7%, was first reported in May…

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