The IMF’s latest World Economic Outlook (WEO) predicts that growth in the UK will rise from an estimated 0.1% in 2023 to 0.5% in 2024 as the lagged negative effects of high energy prices wane, then to 1.5% in 2025, as disinflation allows financial conditions to ease and real incomes to recover. This indicates a slower expansion than previously forecast by the IMF and suggests that the UK will be the second-slowest-performing major economy this year. Germany is expected to have the slowest growth, with a forecast of 0.2% in 2024 and 1.3% in 2025. To read the IMF’s news release, with a link to the full WEO, go to¬†