UK will avoid recession in 2023 – IMF

The International Monetary Fund (IMF) said it is not expecting the UK to enter a recession this year.

In an update to recent forecasts, it said: “Buoyed by resilient demand in the context of declining energy prices, the UK economy is expected to avoid a recession and maintain positive growth in 2023.”

But it said the outlook for growth remains “subdued”, forecasting growth of 0.4% this year.

In April, it forecast that UK output was expected to…

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Wrong again! IMF finally admits Britain WON’T go into recession this year