UK inflation set to ease back faster than expected, says IMF

UK inflation set to ease back faster than expected, says IMF

It came as the global economic body said the global economic shock from the conflict in the Middle East was ‘better than feared’.

Rachel Reeves handed lifeline as inflation to slow faster than expected

Rate of price increases set to ease back to target levels quicker than previously thought

IMF upgrades UK growth forecast as fears over impact of Iran war diminish

July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7 The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared. In a July update of its World Economic Outlook, which was finalised before the latest outbreak of hostilities in the Mid…