( ) -q-25- UNDATED (Correspondent Jeremy House) “the coming years.” The International Monetary Fund says the British economy will avoid falling into recession this year. [CutID: <Cuts> UK-ECONOMY-house-q-TUEam.mp3 Time: 25s Title: UK-ECONOMY-house-q-TUEam Out-cue: the coming years] TAG: Correspondent Jeremy House reporting. The upgraded forecast aligns with that from the Bank of England, which also upgraded […]
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UK economy to avoid recession but inflation still a worry
( ) -q-25- UNDATED (Correspondent Jeremy House) “the coming years.”
The International Monetary Fund says the British economy will avoid falling into recession this year.
[CutID: <Cuts> UK-ECONOMY-house-q-TUEam.mp3
Time: 25s
Title: UK-ECONOMY-house-q-TUEam
Out-cue: the coming years]
TAG: Correspondent Jeremy House reporting. The upgraded forecast aligns with that from the Bank of England, which also upgraded its economic outlook this month.
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VERBATIM: In upgraded growth forecasts, the Washington-based IMF said domestic demand had proven more resilient than anticipated in the face of a surge in energy costs. The IMF now thinks the British economy will grow by 0.4% this year, up from its previous prediction of a 0.3% decline. But the IMF also says inflation is likely to remain stubbornly high over the coming years.