US EditionUK economy will be among hardest hit by global trade war, IMF warns
- The International Monetary Fund has cut the UK's economic growth forecast by 0.5% for 2025, predicting just 1.1% growth due to external pressures like tariffs and inflation.
- The IMF's report highlights severe uncertainty in global trade due to tariffs, with critics, including Liberal Democrat leader Sir Ed Davey, claiming the UK will face significant economic harm.
- The IMF warns that the UK economy will suffer due to trade wars, with growth projected to stall by 0.5 percent in 2025 and a further 0.1 percent in 2026.
17 Articles
17 Articles
IMF chops UK growth forecast as Trump tariffs hit global economy
Britain's economic growth forecast for 2025 was cut by more than for other major European economies by the International Monetary Fund on Tuesday as the country braces for the global fallout from U.S. President Donald Trump's trade tariffs.
UK growth forecast slashed by a THIRD as IMF warns 'unprecedented uncertainty' to hurt Britain's economy
The UK economy's gross domestic product (GDP) growth forecast has been slashed amid ongoing market turmoil in the International Monetary Fund's latest forecast.This comes as blow to Prime Minister Keir Starmer and Chancellor Rachel Reeves, who have made economic growth a cornerstone of the Labour Government's mission statement.GDP growth is expected to jump by 1.1 per cent in 2025 compared to earlier projections of 1.6 per cent in the wake of Pr…
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