UK · 18 May 2026

IMF raises UK growth forecast to one percent.

A continuing Middle East conflict could bring higher costs for energy and food to the UK economy. Despite this, the IMF has lately revised its UK economic growth forecast upwards for the current year. Following an economic expansion of 0.6% in the year's initial quarter, the prominent organization raised its 2026 growth prediction to 1%, an increase from its prior estimate of 0.8%.

By BriefTea Editorial · 18 May 2026 at 13:03

Reported by BBC · How we write briefs

Get the app

More briefs

WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half GeneralNotting Hill Carnival parade begins as Europe's biggest street party Browse all stories →