The update from the International Monetary Fund also suggested that the fight against inflation and the cost of living crisis had “largely been won”.
The UK will grow 1.1 per cent this year, up from previous estimates of 0.7 per cent. Next year, growth of 1.5 per cent is expected.
“Rachel Reeves is looking for all the good news she can get ahead of the Budget and an upgraded UK economic forecast from the IMF has certainly come at the right time,” says Dan Coatsworth, investment analyst at AJ Bell.
The growth rate looks poor compared to the world’s average of 3.2 per cent, “but something is better than nothing given the uncertain backdrop”, he said.
Denne historien er fra October 23, 2024-utgaven av The Independent.
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Denne historien er fra October 23, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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England hammer Japan to end vexing autumn on high
After a November of frets and frustration came a chance for fun and frolics for England.
Verstappen pulls up next to F1 elite with his fourth title
Dutch driver seals championship under lights of Las Vegas
Treasure's chest! Salah stars for Reds in comeback win
Liverpool moved eight points clear at the top of the Premier League yesterday as Mohamed Salah scored twice to help them come from behind to beat Southampton 3-2 at St Mary’s.
Amorim kicks-off United role with lacklustre draw
Ruben Amorim can at least remind himself that Manchester United’s best managers have had worse starts.
Have I got time to get a new passport for trip to Europe?
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Far-right populist leads in Romanian presidential vote
A far-right populist took the lead in Romania's presidential election yesterday and will probably face leftist prime minister Marcel Ciolacu in a runoff in two weeks, an outcome that rocked the country's political landscape.
The extremism of Trump's pick for intelligence chief
Tulsi Gabbard made the journey from anti-war Democrat to Moscow-friendly Maga warrior. Rich Hall looks at how
Three held after prominent Israeli rabbi killed in Dubai
Emirati police question men as Iran denies any involvement
Lab test monkeys are flown to UK 'injured and terrified'
Monkeys flown into the UK for laboratory testing were so badly injured that their crates were smeared with blood, photographs suggest.
How collapse of building firm left Labour's plans for schools and jails in tatters
Dozens of schools and prisons around England and Wales face higher bills and delays to new buildings worth billions of pounds after the collapse of one of the UK's biggest contractors. ISG, the sixth-biggest builder in the UK, collapsed in September, leaving 2,200 workers immediately redundant and many subcontractors out of pocket. At least one firm working for ISG has gone under.
