
AI-generated summary
The British economy had previously been affected by energy price fluctuations and tightening monetary policy, and had lacked growth momentum. The IMF regularly releases global economic outlook reports, which have important reference value for countries' economic expectations. Newly appointed UK Chancellor of the Exchequer John Healy is formulating his first fiscal and tax package.
China News Service, London, October 13 (Reporter Ouyang Kaiyu) The International Monetary Fund (IMF) released an economic outlook report on the 13th, raising the UK's economic growth forecast for 2026, but warned that rising energy prices and high interest rates will drag down the country's economic performance next year.
The IMF's latest report raised the UK's economic growth forecast for 2026 to 1.3% from the previous July forecast of 1%. At the same time, the UK's economic growth is expected to fall back to 1.2% in 2027, mainly affected by rising energy prices and long-term high interest rates that suppress household consumption and corporate investment.
The report points out that the global economy is under pressure due to the impact of energy price shocks caused by conflicts in the Middle East. However, the investment boom in the field of artificial intelligence has effectively hedged risks and has shown strong resilience overall. However, the economic uncertainty caused by geopolitical conflicts remains high.
British Finance Minister John Healy said that a certain amount of relief space will be reserved for the people in the budget. This budget is the first fiscal and taxation plan of the new government and will be announced on October 28. With the current British government financing costs soaring, Healey needs to ensure that the budget plan is recognized by financial markets.
Analysts believe that although the UK's economic growth is expected to improve slightly, the overall pace of recovery is still slow. (over)
AI outlook — possibilities, not facts
The British government will announce its first fiscal and tax budget on October 28
Very likely · Within days
UK economic growth will fall back to 1.2% in 2027
Likely · Within years
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