The UK economy is on the way to recovery amid falling inflation, Jeremy Hunt claims as the IMF says growth is being powered by a rising population rather than economic dynamism
by Daily Mail
Daily Mail— GDP will grow just 0.5 per cent in 2024, International Monetary Fund predicts. Analysts also found GDP of UK has largely been boosted by migrant workers. UK slipped into recession at end of last year but is now on its way to recovery
Americans for Tax Reforms—Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise. Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
The Washington Times—IMF's Georgieva says there's 'plenty to worry about' despite recovery for many economies. The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but "there is plenty to worry about,'' including stubborn inflation and rising levels of government debt.
Kiplinger—Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices. Disappointing readings on GDP and inflation helped tank equities.