Economic Buzz: IMF says UK economic growth likely to slow markedly this year

International Monetary Fund or IMF stated today that UK economy has remained resilient in recent years, but the war in the Middle East has dampened prospects. Growth will slow down markedly this year, then gradually recover as the shock dissipates. Inflation will rise temporarily, delaying the return to target. Risks are tilted to the downside, notably from a prolonged increase in energy prices and sustained market volatility. The crisis underscores the importance of staying the course and providing policy stability?across macroeconomic management and structural reforms?to anchor confidence and support investment.

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