IMF no longer expects UK recession this year

The United Kingdom will not, after all, be the worst-performing rich economy this year, the International Monetary Fund (IMF) said Tuesday, announcing a major revision to its previous gloomy forecast.

The Washington-based organization said it now expects the UK economy to grow 0.4% in 2023, upgrading its April forecast by a whopping 0.7 percentage points.

The forecast reflected “higher-than-expected” resilience in demand helped by strong wage growth, improved confidence and falling energy prices, the IMF added.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Special Values

More articles like this

Fidelity Special Values

Mining momentum lifts FTSE as market eyes tariff clarity

Investor confidence edged higher as heavyweight miners surged, pushing the FTSE 100 into positive territory. All eyes remain on upcoming inflation figures and the latest from Washington, where tariff policy updates could stir global markets. The

Fidelity Special Values

FTSE 100 gains as EU strikes back against US tariffs

European markets edged higher on Wednesday morning as the EU took swift action against the newly implemented US tariffs on steel and aluminium. The move, which removes all country exemptions, signals rising tensions with key trading