IMF expects UK economy to avoid recession
The fund sharply upgrades its growth forecast, but warns inflation remains “stubbornly high”. …
Its managing director Kristalina Georgieva told me: “What is most concerning is food prices. Even with energy prices, trimming down, staying as high as it is, it does mean that interest rates will have to remain higher for longer. The discussion around interest rates has somewhat shifted from ‘how high?’ to ‘for how long?'”
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