IMF upgrades UK growth forecast as fears over impact of Iran war diminish

The Guardian8 jul 2026Macro
Automatisch samengesteld met AI uit de vermelde bronnen

The IMF raised its UK 2026 GDP growth forecast by 0.2 percentage points to 1% in its July World Economic Outlook, a revision driven by diminishing fears over the economic fallout from the Iran war. The US (2.3%) and oil-exporting Canada (1.1%) are projected to grow faster, leaving the UK as the G7’s third fastest-growing economy this year, while the 2027 forecast was left unchanged at 1.3%. The fund cautioned that renewed hostilities could reverse commodity-price gains and that an AI-led tech-cycle correction poses a further downside risk.