The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. But it said a threatened wave of tariffs by incoming US president Trump could make trade tensions worse, lower investment, and disrupt supply chains across the world. The IMF also said although tariffs, tax cuts and deregulation could boost the US economy in the short term, they could ultimately backfire.The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution
Tag Archives: EconomicGrowth
Reuters
08
Jul
Jul
Rachel Reeves, the newly appointed Chancellor, is set to reintroduce mandatory housebuilding targets in her inaugural speech at the Treasury. Addressing business leaders, Reeves will outline reforms to revamp Britain’s planning system, aiming to stimulate economic growth. Reeves is also expected to highlight Britain’s renewed stability, making it an attractive destination for international investment, thereby […]