IMF warns world may soon be 'teetering on the edge of recession'

UK GDP growth set for 0.5% in 2023

Elliot Gulliver-Needham
clock • 1 min read
The fund slashed global growth projections while raising inflation expectations
Image:

The fund slashed global growth projections while raising inflation expectations

The UK is set to experience the slowest GDP growth of any G7 economy next year, the International Monetary Fund said, as it warned that the world "may soon be teetering on the edge of a global recession".

The international body slashed global growth projections while raising inflation expectations in its latest forecast, bringing global GDP growth estimates to 3.2% in 2022 and 2.9% in 2023. "The ...

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