The UK remains on track to be the fastest growing advanced economy in 2021


The UK remains on track to be the fastest growing advanced economy in 2021


New IMF forecasts show the UK is still expected to be the fastest growing advanced economy by 2021 at a rate of 6.8%, above the global growth projection of 5.9% and comfortably ahead. from the US, France, Germany, Japan, and Canada. . Good news, although it is still a 0.2% cut from their previous forecast in July.

The IMF document says that the effectiveness of the UK launch of vaccines is largely responsible for sustaining the UK’s growth, adding that “large vaccine gap”Between high- and low-income countries poses a serious risk:

“The case of the United Kingdom is instructive in the effectiveness of large-scale vaccination campaigns, even against highly contagious variants.”

“The top political priority is therefore to vaccinate at least 40% of the population of all countries by the end of 2021 and 70% by mid-2022.”

The report adds thatwidespread vaccinations can also have positive and powerful economic effects, reinforcing recovery. ” When you get the call, get the jab …

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