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…