economy Bangkok, Thailand
IMF raises UK growth forecast and urges continued deficit reduction
1.3%
UK GDP growth forecast for 2026
The IMF raised its forecast for UK GDP growth in 2026 to 1.3% and advised the government to continue reducing its deficit. It expects UK growth to slow to 1.2% in 2027 as energy prices and interest rates weigh on the economy.
1 sourceThe GuardianUpdated
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Silvana Tenreyro said the UK should continue its fiscal consolidation process.
“The message for the UK is simply, stay the course.”
- 1.3%
UK GDP growth forecast for 2026
“The IMF predicted GDP growth of 1.3% for the UK this year”
- 0.3percentage points
Increase in the IMF's UK GDP growth forecast for 2026 from its July update
“up 0.3 percentage points from its most recent update in July”