UK expected to be only major economy to shrink in 2023 – IMF
Even sanctions-hit Russia is expected to grow this year, but the IMF says the UK is “on the right track”. …
The IMF, which works to stabilise economic growth, said it had downgraded its forecast for the UK because of its high energy prices, rising mortgage costs and increased taxes, as well as persistent worker shortages. It did not mention Brexit in its report as a factor for the UK not performing as well as others. Today marks three years since the UK left the EU.
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