IMF: BRITISH ECONOMIC OUTLOOK AFFECTED BY MIDDLE EAST TENSIONS

ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF), WHILE THE BRITISH ECONOMY REMAINED RESILIENT, TENSIONS IN THE MIDDLE EAST WERE AFFECTING SHORT-TERM PROSPECTS. ECONOMIC GROWTH IS EXPECTED TO SLOW TO 1.0 PER CENT IN 2026 AND THEN RECOVER. SOUND FISCAL AND MONETARY POLICIES AND STRUCTURAL REFORMS WOULD HELP TO SUPPORT STABILITY AND GROWTH。