IMF upgrades UK growth forecast as fears over impact of Iran war diminish
The IMF has raised its 2026 UK GDP growth forecast to 1%, positioning the nation as the third fastest-growing economy within the G7.
Atlas Newsdesk ·
July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared.
In a July update of its World Economic Outlook, which was finalised before the latest outbreak of hostilities in the Middle East , the Washington-based organisation projected UK gross domestic product to grow by 1% this year – up 0.2 percentage points from its April forecast .