The IMF forecasted 1.2% growth this year and 1.4% growth in 2026 in its yearly economic health check.
Following an uptick in the first three months of the year, it declared that an economic recovery was “under way”.
A little more than a month has passed since the powerful group lowered its 2025 projection for the UK from 1.6% to 1.1%.
Growth was “very strong” in the first three months of the year, according to Luc Eyraud, head of the IMF’s UK mission.
Increases in corporate investment and consumer spending helped the economy, according to official data released this month. However, the data was from before the US implemented import tariffs and the UK raised employer taxes in April.
