Live Updates > Live Update Details
2025-07-29 21:38:46
[IMF forecast revealed: The UK economy is "counterattacking" Europe, but it will still be difficult to catch up with the US and Canada!] ⑴ On July 29, data from the International Monetary Fund (IMF) showed that the UK's economic growth rate is expected to surpass other major European economies this year and next year. ⑵ In its latest World Economic Outlook, the IMF raised its global economic growth forecast, reflecting the improvement in the trade environment and the impact of US fiscal stimulus. ⑶ Several countries, including the UK, the EU and Japan, have reached trade agreements with the US. ⑷ The actual tariff rate in the United States, on which the IMF's latest forecast is based, is 17.3%, down from 24.4% in April, while the actual tariff rate in other parts of the world is 3.5%, also down from the previous 4.1%. ⑸ Despite the UK's impressive performance, its economic growth rate will still lag behind that of the United States and Canada in the Group of Seven (G7). ⑹ This trend shows that the UK is showing relative resilience in the adjustment of the global economic landscape, but there is still a growth gap between it and the major North American economies.
