The International Monetary Fund (IMF) has upgraded UK growth for the second time in four months to further reflect the resilience of the domestic economy so far in 2017.
In its latest World Economic Outlook, the IMF increased its UK GDP growth forecast by 0.5 percentage points to 2% for 2017, the biggest upgrade of any major economy meaning it is expected to grow faster than all other G7 economies besides the US. In January, the IMF revised its UK forecast by 0.4 percentage points to 1.5% on stronger forecasted figures, meaning the country has seen an upward revision of 0.9 percentage points in total so far in 2017. The IMF said in the report: "The 0.9 percentage point upward revision to the 2017 forecast…reflects the stronger-than-expected performa...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
