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BBCNEWS World July 6, 2024



to fall into recession this year and will maintain positive growth this year. news welcomed by the uk finance minister as a big upgrade in the uk outlook. but for many right now, it might not feel like things are looking up with double digit inflation pushing up the cost of living, and pushing living standards down. here s the chancellorjeremy hunt reacting to the news. today the imf s assessment shows we are on the right track. the report forecast growth of 0.4% in 2023 and 0.7 percentage point upgrade since the aprilforecast. 0.7 percentage point upgrade since the april forecast. that s even higher than the bank of england forecast published last week for 0.25% growth in 23. the imf says we have acted decisively to fight inflation which will substantially reduce to around 5% by the end of the year. in the imf say our approach to fiscal policy will help to significantly reduce the deficit over the forecast by 3% of gdp between 20 to 23 and 2728. so together these for ....

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BBCNEWS World Business Report June 4, 2024 10:32:00

To significantly reduce the deficit over the forecast by 3% of gdp between 20 to 23 and 2728. so together these forecasts demonstrate we are on the right path but the job is not done yet. that s a uk finance minister saying the job isn t done yet. joining me now is yael selfin chief economist at accountants kpmg. i touched on it in the introduction, for many people right now they will not feel the economy is working for them. , . , , not feel the economy is working for them. , , ,, them. yes, absolutely, because even thou:h them. yes, absolutely, because even thou . h we them. yes, absolutely, because even though we are them. yes, absolutely, because even though we are expecting them. yes, absolutely, because even though we are expecting inflation - them. yes, absolutely, because even though we are expecting inflation to i though we are expecting inflation to full significantly over the year, we are still expecting the economy to remain relatively weak, even with 0.3, 0.4 percent ....

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