Economics
U.K. Set for Fastest Growth in G-7 for Second Year, IMF Says
- IMF cuts outlook for U.K. less sharply than for other nations
- Forecasts bolsters Rishi Sunak’s handling of the pandemic
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Britain will be the fastest growing major industrial economy for a second consecutive year in 2022, the International Monetary Fund said.
The Washington-based institution expects 4.7% growth in the U.K. this year after a 7.2% expansion in 2021, putting it at the top of the growth table in the Group of Seven nations for two consecutive years.