The latest figures are growing GDP from Great Britain this year below Canada (1.4%) and the United States (1.8%), but above Japan (0.6%), France (0.6%), Italy (0.4%), Germany (0%) and the euro zone (0.8%).
The international organization said that the downside of the United Kingdom in relation to the January forecasts is due to “a smaller postponement of 2024”, the impact of recent American tariffs, an increase in yields of public bonds and lower private consumption in a higher inflation context.
The inflation forecasts of the United Kingdom were increased by 0.7 percentage points, compared to 0.4 percentage points in other advanced savings. The IMF has underlined the United Kingdom as an aberrant value with the United States, where inflation should increase by 1 percentage point compared to January forecasts.
Figures will be a blow for Reeves, which has already been struck by the British guard dog, the budget responsibility office, which half reduced its growth forecasts in the United Kingdom in 2025 to 1% in March.
He warned that economic prospects could worsen, but for the moment, the IMF predicts that global growth will fall to 2.8% in 2025 and 3% in 2026, compared to around 3.3% in 2024.
Tuesday forecasts are based on political decisions from April 4, before the United States decided to suspend certain reciprocal rates for 90 days. If Trump had not announced its prices wave of April 2, the IMF said that it would have planned global growth of 3.2% for 2025 and 2026.
“Countries should work constructively to urgently resolve trade tensions and promote clear and transparent trade policies to stabilize expectations, avoid investment distortions and reduce volatility while avoiding stages that could harm the global economy more,” the IMF wrote.
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