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READ MOREUK likely to avoid recession this year, says IMF
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy, predicting it will avoid a recession this year.
“Speaking in London, the IMF's managing director Kristalina Georgieva said the upgraded growth figure had been sparked by falling energy prices, easing concerns over Brexit and improved financial stability,” BBC News reports.
Georgieva also noted considerable risks to the UK economy and the record number of people not working due to long-term illness.
Read the full story at BBC News, including analysis by Economic Editor Faisal Islam.
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