UK Economy on a “Soft Landing” – IMF Says
The International Monetary Fund just dropped a bullish verdict on the UK: the economy is heading towards a soft landing thanks to stronger-than‑expected growth.
What the Numbers Show
- Current year growth bumped to 0.7% (up from the previous 0.5%).
- Next‑year forecast climbs to 1.5%.
- Long‑term outlook stays a touch cautious due to labor shortages and higher inactivity.
“Re‑emerging growth after a mild technical dip in 2023 is nudging the UK toward a soft landing,” the IMF noted.
Inflation’s Cozy Curve
Consumer price inflation has been moving down faster than expected, with a forecast that it will comfortably meet the target by early 2025, giving households a breather from rising costs.
Chancellor Sympathy
Jeremy Hunt opened the good news with a grin: “The IMF’s updated growth numbers are clear evidence the UK has finally turned a corner. We’ll grow faster than any large European country over the next six years. Let’s drop the unwarranted doom and gloom.”
Why Reforms Still Matter
Even with the positive backdrop, the IMF keeps pressing for urgent structural reforms to lift living standards and keep the momentum alive.
Stay in the Loop
Want real‑time updates on the latest economic chatter? Subscribe now and get the news straight to your device.
