The International Monetary Fund (IMF) forecasts that Britain will experience the fastest growth among major European economies in 2025, a projection that offers a boost to Finance Minister Rachel Reeves amid pressure over a post-election slowdown. The IMF raised its growth forecast for Britain in 2025 by 0.1 percentage points to 1.6%, placing it third among the Group of Seven (G7) advanced economies behind the United States and Canada. The IMF's outlook for British GDP growth in 2026 remains at 1.5%, also the third-fastest in the G7.
The International Monetary Fund, IMF , has forecast Britain to have the fastest growth among major European economies in the year 2025. This projection is said to be a boost to the Finance Minister, Rachel Reeves , who is under pressure over a slowdown since her party came to power in July. The IMF on Friday raised its forecast for British growth for 2025 by 0.1 percentage points to 1.6%, making it the third-strongest among the Group of Seven advanced economies after the United States and Canada.
gathered that last month, the Organisation for Economic Cooperation and Development also raised its forecast for British economic growth to 1.7% from 1.2% previously. However, Reeves' spending plans are based on forecasts from the government's Office for Budget Responsibility which pencilled in growth of 2% for 2025 and 1.8% for 2026.
recalls that British government 30-year borrowing costs hit their highest since 1998 on Monday, the biggest losers in a global bond selloff driven by concerns about higher inflation and borrowing under the imminent US presidency of Donald Trump. However, British bond prices recovered later in the week after weaker-than-expected British and U.S. inflation data and slower-than-expected GDP growth in November, the first month after Reeves set out her budget plan.
IMF UK ECONOMY GROWTH FORECAST RACHEL REEVES BUDGET
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