IMF Predicts Another Year of Flat Growth for UK Households in 2024
Tuesday, 16 April 2024, 13:00
IMF Report: UK Households Face Second Year of Stagnant Living Standards
Description: Growth per head will remain flat this year as the effects of high inflation take time to abate. Britain’s households will endure a second year without an improvement in their living standards in 2024 as the effects of high inflation take time to abate, the International Monetary Fund has revealed. In its flagship World Economic Outlook (WEO), the Washington-based IMF said it was forecasting modest 0.5% UK growth this year – but only as a result of a rising population.
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