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The CBI’s growth indicator survey, based on responses from 899 companies between 25 November and 12 December this year, found expectations for growth are now at their weakest since November 2022.
The UK economy will grow 1.6 per cent, the fastest out of Europe’s biggest economies and the third fastest in the G7, after Canada and the US, according to the International Monetary Fund.
The UK economy grew by 0.1% last year and is expected to see growth improve to 0.4% ... has downgraded its UK growth projections for 2024 and 2025, indicating it will witness the weakest growth ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
5 January – Heavy snow causes travel disruption across the UK, as weather warnings remain in place. Temperatures are reported to have fallen to as low as −11°C overnight in Loch Glascarnoch, Scotland. [15] 6 January The government scraps a plan to phase out gas boilers in UK homes by 2035. [16] 2025 United Kingdom floods:
Proposals are published to give Members of the Senedd a 6% pay rise, taking the wages for a backbench MS to £76,380 in 2025–26, up from £72,057. [19] 9 January – Former Prime Minister Liz Truss sends Sir Keir Starmer a legal "cease and desist" letter demanding that he stop saying she "crashed the economy". [20]
In its latest World Economic Outlook, from April this year, the IMF projected UK real GDP will grow by 0.5% in 2024 and 1.5% in 2025. In the same report the US is projected to grow by 2.7% in 2024 ...
No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world's central banks were ...