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IMF upgrades UK growth to 1.3% for 2026, warns of 2027 slowdown

Former Bank of England deputy Davies says UK growth forecast "more pessimistic" for 2027

1 Oct 12 10:00 PM · 1d ago · 2 articles · 4 posts · 3 sources · development 1 of 1

Sir Howard Davies, former deputy governor of the Bank of England, told the BBC the IMF's 2026 growth forecast was "better than it might have been," but noted the 2027 outlook remained "more pessimistic." He observed the UK is "winning a slow bicycle race" as other economies decline faster, and emphasized that US debt accumulation is putting pressure on global interest rates affecting the UK.

Former Bank of England deputy Davies says UK growth forecast "more pessimistic" for 2027
bbc.co.uk

“We're still growing slowly. It's almost like saying we're winning a slow bicycle race here because other people are going backwards a bit more rapidly than we are.”

Sir Howard Davies

International Monetary Fund Global economic forecasterSilvana Tenreyro IMF chief economistJohn HealeyJohn Healey Chancellor of the ExchequerAndy BurnhamAndy Burnham Prime MinisterSir Howard Davies Former deputy governor, Bank of England

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1Former Bank of England deputy Davies says…
yesterday8 AM4 PMnow · 4:22 AM ET

Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch

  1. 2 outlets UK growth forecast upgraded but higher energy prices to hit economy next year

    first by BBC Business, 22h ago · also BBC

    1 more headline

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All 1 developments of IMF upgrades UK growth to 1.3% for 2026, warns of 2027… →

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