UK set to have weakest growth among G7 in 2024, IMF forecasts
© Reuters. FILE PHOTO: People walk through the 'More London' business district with Tower Bridge seen behind in London, Britain, March 16, 2023. REUTERS/Toby Melville/File photo
British gross domestic product will expand by an estimated 0.6% in 2024, the IMF said, down from a previous forecast of 1.0% and weaker than growth of 0.9% and 1.3% expected for Germany and France respectively. In 2023, Britain's growth forecast of 0.5% was the G7's second weakest after a 0.5% contraction projected for Germany.
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