Fund says demand in the US and Europe has been stronger than expected, and that only the UK faces a recession.

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WASHINGTON — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects the world economy to grow 2.9% this year. That forecast is better than...

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IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll Britain is expected to be the only major industrialised country to see its economy shrink this year after the impact of Liz Truss’s brief premiership prompted a sharp growth downgrade from the International Monetary Fund. Adding to growing political pressure on Rishi Sunak after the sacking of the Conservative...

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The International Monetary Fund said the world economy was poised for a rebound as inflation eases.

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