IMF predicts the UK to be the only major economy to shrink in 2023
chinadaily.com.cn |
Updated: 2023-02-01 03:41
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The IMF said the United Kingdom economy will contract by 0.6 percent in 2023 because of high energy prices, rising mortgage costs and increased taxes, as well as worker shortages, but did not mention Brexit in its report as a factor in its poor performance.
Video by Han Jing.
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