IMF slaps UK with biggest growth downgrade of any G7 country

cityam

Apr 14

Rachel Reeves was handed a damning verdict on her growth plans by the IMF. (PA) The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary...

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(PA) The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary...</p>\n\n<a href=\"https://www.cityam.com/imf-slaps-uk-with-biggest-growth-downgrade-of-any-g7-country/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IMF slaps UK with biggest growth downgrade of any G7 country</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIMF slaps UK with biggest growth downgrade of any G7 country\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-14 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/imf-slaps-uk-with-biggest-growth-downgrade-of-any-g7-country/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rachel Reeves was handed a damning verdict on her growth plans by the IMF. (PA) The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary...</p>\n\n<a href=\"https://www.cityam.com/imf-slaps-uk-with-biggest-growth-downgrade-of-any-g7-country/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IMF","symbol_name":"Invesco Managed Futures Strategy ETF","start_time":0,"source_url":"https://www.cityam.com/imf-slaps-uk-with-biggest-growth-downgrade-of-any-g7-country/","article_id":"2627449726","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/04/Rachel-Reeves-is-set-to-oversee-low-growth-this-year-e1776161265960.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/imf-slaps-uk-with-biggest-growth-downgrade-of-any-g7-country/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2627449726","pubTimestamp":1776171600,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Rachel Reeves was handed a damning verdict on her growth plans by the IMF.  The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary Fund’s spring economic outlook report, dealing a blow to Chancellor Rachel Reeves as she struggles to overcome setbacks sparked by the Iran war.Growth this year was revised down by 0.5 percentage points as trade disruption due to the Iran war has left the UK economy exposed.All other G7 countries, plus the likes of Russia, Spain, South Africa and Nigeria, were predicted to suffer less damaging hits to growth over 2026.Inflation in the UK will also be the joint-highest in the G7 this year along with the US.The IMF had previously predicted the UK economy to grow 1.3 per cent in 2026, a slower pace than last year, but it now pencilled in a rise in GDP of just 0.8 per cent.She urged international partners to “supercharge” energy security by doubling down on renewable energy projects and to take “","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"IMF":"Invesco Managed Futures Strategy ETF"},"translate_title":"国际货币基金组织对英国的增长评级下调幅度是七国集团国家中最大的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IMF":1.5},"content_text":"Rachel Reeves was handed a damning verdict on her growth plans by the IMF. (PA) The UK economy has suffered the biggest growth forecast downgrade of any country in the G7 in the International Monetary Fund’s spring economic outlook report, dealing a blow to Chancellor Rachel Reeves as she struggles to overcome setbacks sparked by the Iran war.Growth this year was revised down by 0.5 percentage points as trade disruption due to the Iran war has left the UK economy exposed. All other G7 countries, plus the likes of Russia, Spain, South Africa and Nigeria, were predicted to suffer less damaging hits to growth over 2026. Inflation in the UK will also be the joint-highest in the G7 this year along with the US. \n\nThe IMF had previously predicted the UK economy to grow 1.3 per cent in 2026, a slower pace than last year, but it now pencilled in a rise in GDP of just 0.8 per cent.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOn a per head basis, the UK was bottom in the ranking of G7 nations. \nIMF researchers suggested the lower growth rate in the UK was as a direct result of the President Trump and Prime Minister Netanyahu’s war with Iran, and a slower pace of interest rate cuts.GDP growth for the UK economy was also estimated to be 1.3 per cent next year, a 0.2 percentage point downgrade on a previous forecast from earlier this year. \n\nThe downgrades will intensify scrutiny on Reeves’ fiscal plans as she battles against calls to boost defence spending, protect the welfare budget and avoid rattling bond markets with looser borrowing rules.The Euro area trailed other countries and regions by growth rates. Germany was predicted to grow 0.8 per cent while Italy was forecast to grow 0.5 per cent. The forecasts depend on the assumption that the war turns out to be short-lived. In a dragged-out conflict in the Middle East, gas prices could triple and oil prices double from where they were before the war.Reeves responds to forecastsAs she landed in Washington on Tuesday, Reeves demanded that other countries “follow my plan” to reduce costs for households and businesses. \n\nShe urged international partners to “supercharge” energy security by doubling down on renewable energy projects and to take “co-ordinated economic action” on mitigating risks to global markets.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}