“It’s time to shake off some of the unjustified pessimism about our prospects,” declared a gleeful Jeremy Hunt today, after the IMF provided a rare bout of optimism on Britain’s economic outlook.
Arriving in London to deliver an annual economic health check, Kristalina Georgieva, the boss of the IMF – a UN agency often accused of being overly gloomy about the British economy – has bumped up the UK’s growth forecasts.
This upgraded IMF projection of 0.7 per cent growth in 2024 – from its previous forecast of 0.5 per cent – followed by 1.5 per cent growth in 2025, will have been informed by the ONS recording Britain’s fastest rate of economic growth in two years at the start of this year.
