AssetID: 56086204
Headline: UNCAPTIONED: IMF Upgrades UK Growth Forecast But Warns Of 2027 Slowdown
Caption: IMF Upgrades UK Growth Forecast But Warns Of 2027 Slowdown. The International Monetary Fund has upgraded its forecast for UK economic growth this year but warned that higher energy prices and interest rates will weigh on the economy in 2027. The IMF now expects the UK economy to grow by 1.3% in 2026, up from the 1% it forecast in July. It said economies worldwide had proved more resilient than expected to the energy price shock caused by the US-Iran war, although the economic fallout remained highly uncertain. Chancellor John Healey said the government would seek to provide households with some "breathing space" in the Budget on 28 October. The government is also facing rising borrowing costs. However, IMF chief economist Silvana Tenreyro said the UK stood out among major G7 economies for having already begun the process of bringing its debts under greater control. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,IMF,Upgrades,UK Growth,Forecast,2027,slowdown,warning,worldwide economies,energy price shock,US-Iran war,economic fallout,highly uncertain,Chancellor,John Healey,government
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