US EditionUK economic growth downgraded in another humiliating blow for Rachel Reeves
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IMF downgrades UK growth, forecasts three more 2025 rate cuts – Mortgage Strategy
The UK growth was “significantly” downgraded to 1.1% this year, by the International Monetary Fund, but the thinktank added that the UK had room for three further rate cuts this year. The Washington-based body says its latest forecast is 0.5% lower than its January prediction, which comes after a raft of tariff disruption. The UK is among four “significant downward revisions” among advanced countries from its last World Economic Outlook report a…
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