All the updated news related to economic outlook

All the news related to economic outlook updated in real time

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City

UK growth outlook cut as Omicron and supply chain troubles bite, says IMF

UK growth will be held back this year by disruption caused by spread of the Omicron variant of coronavirus and the ongoing supply chain crisis, according to the International Monetary Fund (IMF). In its latest World Economic Outlook update, the IMF ...

25 Jan 2022 at 15:25

Government fiscal plan aligned with Bank could stabilise financial markets – IMF

The Government’s fiscal strategy announcement later this month could help to settle turmoil in financial markets if it is aligned with actions by the Bank of England, the International Monetary Fund’s (IMF) top economist has said. It came as the ...

11 Oct 2022 at 16:22

UK’s economic growth to slow further in 2023 as incomes squeezed – IMF

The UK’s economic growth could improve in the short term but sharply reduce in 2023 as consumer spending catches up with rampant inflation and higher interest rates, the International Monetary Fund (IMF) has warned. The slowdown of the global ...

11 Oct 2022 at 15:00

Brexit impact has nothing to do with falling living standards, insists Sunak

The drop in people’s living standards has “got nothing to do with Brexit”, the Prime Minister has insisted following warnings that the UK will slide into recession this year. Rishi Sunak instead pinned the blame of rising costs on inflation ...

01 Feb 2023 at 13:55

IMF upgrades UK economic growth as elections drive global uncertainty

The UK economy is set to grow faster than previously thought in 2024 as drops in inflation and interest rates help drive spending, according to new projections by the International Monetary Fund (IMF). The organisation’s top economist also ...

22 Oct 2024 at 16:28

British businesses grow at slowest rate in 11 months amid Budget uncertainty

Activity across the UK’s private sector slipped to an 11-month low in October, amid growing business uncertainty ahead of the Autumn Budget. The S&P Global flash UK composite purchasing managers’ index (PMI) reported a reading of 51.7 in ...

25 Oct 2024 at 09:41

‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

With the UK economy set to be grinding to a halt, inflation rising again and backlash among businesses over tax-raising plans, a “cloudy” economic outlook looms over the Labour Government as 2024 draws to a close. But the Government ...

20 Dec 2024 at 13:20

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF

UK economic growth is set to accelerate this year after it missed forecasts in 2024, the International Monetary Fund has said. The global economic body slightly upgraded its growth projection for the UK in a fresh update of its ...

20 Jan 2025 at 11:11

City

B&M slashes profit forecast amid ‘uncertain’ economy as CEO plans to retire

B&M has issued a profit warning after trading was hit by an “uncertain economic outlook”, as it also said its chief executive will retire in the coming months. The London-listed company said profit will only be up to £625 ...

24 Feb 2025 at 07:57

World

Nations puzzle over how to respond to US trade war as global markets wobble

America’s trading partners wrestled with responses to US President Donald Trump’s blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission ...

07 Apr 2025 at 18:04

Global growth forecasts slashed in fallout from tariffs, IMF warns

US tariffs leading to global trade disruption and unprecedented uncertainty is set to significantly slow growth in economies around the world, the International Monetary Fund (IMF) has warned. The organisation said ...

24 Apr 2025 at 09:51

UK private sector activity falls to more than two-year low amid Trump tariffs

Activity across the UK’s private sector has plunged to a more than two-year low as Donald Trump’s trade tariffs hammered exporters and forced more “aggressive” job cutting, according to new data. The S&P Global ...

23 Apr 2025 at 10:13

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