The International Monetary Fund (IMF) has upgraded UK growth for the second time in four months to further reflect the resilience of the domestic economy so far in 2017.
In its latest World Economic Outlook, the IMF increased its UK GDP growth forecast by 0.5 percentage points to 2% for 2017, the biggest upgrade of any major economy meaning it is expected to grow faster than all other G7 economies besides the US. In January, the IMF revised its UK forecast by 0.4 percentage points to 1.5% on stronger forecasted figures, meaning the country has seen an upward revision of 0.9 percentage points in total so far in 2017. The IMF said in the report: "The 0.9 percentage point upward revision to the 2017 forecast…reflects the stronger-than-expected performa...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
