HomeEconomyUK economy to contract...

UK economy to contract significantly in 2023 – IMF

Image: AR (file image)

By 2023, the UK will have one of the most inefficient economies in the world, the IMF said.

The UK will be one of the world’s least efficient economies this year. This conclusion was made by experts of the International Monetary Fund.

According to the IMF, the UK economy in 2023 will be the worst among the world’s 20 largest economies among the G20 countries. It is expected to decrease by 0.3% this year and then increase by 1% next year.

The UK economy is affected by high gas prices, rising interest rates and reduced retail sales.

This year, the UK will experience a slowdown and is at the bottom of the G7, the group of the world’s seven largest advanced economies that dominate global trade and the international financial system.

It was previously reported that London for the first time in history lost its sole leadership as the world’s main financial center.

The Bank of England has raised rates 11 times in a row

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

In Kyiv, the same victims of the Russian attack – GSCS

In Kyiv, the number of the dead as a result of a mass Russian air attack at night at night. August 28 increased to 21. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

Sloko Mirni lived at that time

In Ukraine, more than 15,000 civilians were killed during a complete Russian invasion, and more than 34,000 were injured. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } About 237,000 civil...

For the first time after the Russian attack, Kyiv showed a polycycle (video)

The police showed the first minutes after the night large -scale Russian air attack in Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The video shot by the body...