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IMF annual meeting is high-stakes for the UK economy

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yesterday

Rachel Reeves at the IMF’s spring meeting earlier this year (Photo by Andrew Harnik/Getty Images)

Amid global uncertainty, the UK economy needs a vote of confidence from the IMF at its annual meeting this week, writes Chris Hayward

This week’s International Monetary Fund (IMF) gathering presents a high-stakes moment for the UK economy. As global leaders convene to reassess international and domestic trajectories, the UK faces a litmus test of its economic strategy and resilience. In July, the IMF upgraded its UK growth forecast for 2025 to 1.2 per cent, citing early signs of recovery and endorsing the government’s fiscal approach. Yet, as the Chancellor rightly notes, we remain exposed to global headwinds, tariffs, inflationary pressures and geopolitical uncertainty, which continue to loom large.

What the UK needs now are bold signals that growth can accelerate, not merely stabilise. A strong forecast would........

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