The International Monetary Fund (IMF) will this week take a fresh look at its gloom-laden predictions for Britain's economy. Hunt has accused the IMF of consistently underestimating the UK and recently clashed with Georgieva, telling her the UK economy was the fastest-growing in the G7 last year and had avoided recession so far. Recent developments in the UK's prospects have put pressure on the IMF to rethink its downbeat attitude to Britain. 'With each passing month the IMF forecast looks to be wrong,' said a Treasury source. Apart from the UK, Germany is the only other major economy that the IMF, the global lender of last resort, expects to decline this year.

Source: Daily Mail May 21, 2023 10:11 UTC