Britain’s economic growth outstrips other G7 countries, reports IMF

Library: Bank of England

Britain is the table topper in the G7 group for economic growth this year, reports the International Monetary Fund (IMF).

The economy will expand 6.8 per cent this year – the fastest increase among the other G7 countries.

Despite shaving its predictions by 0.2 percentage points, the UK will grow nearly two percentage points faster than the Eurozone.

It will expand 0.8 percentage points quicker than the US.

The IMF upped its figures for UK growth next year to five per cent.

Meanwhile, global growth was downgraded to 5.9 per cent.

Chancellor Rishi Sunak said: “These new forecasts show the strength of our recovery, with the UK having the fastest growth forecast in the G7 this year.

“Our plan is working.”

 


About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.



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