UK set to be the fastest growing European economy, IMF forecasts in boost to Reeves

Rachel Reeves has praised the latest growth forecasts from the International Monetary Fund, stating that the UK is set to become the fastest-growing major European economy over the next two years, with GDP expected to rise by 1.6 per cent in 2025. The IMF report also indicates that inflation has eased slightly, providing some relief for the chancellor amidst concerns over potential stagflation. While growth forecasts have been upgraded for the UK, weaker growth was reported last year, with GDP growing by just 0.9 per cent, leading to calls for the chancellor to resign due to ongoing financial concerns.

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