IMF: UK economy will outperform Eurozone rivals this year and next

 IMF: UK economy will outperform Eurozone rivals this year and next
  • Clock-gray 18:24
  • calendar-gray 21 January 2020

The International Monetary Fund has predicted that the UK economy will outperform those of its Eurozone rivals this year and in 2021, APA reports citing Sputnik.

The study suggested that Britain’s economic growth would accelerate from 1.3% last year to 1.4% in 2020 and 1.5% next year if Brexit occurs in late January amid a steady transition to Britain’s new relationship with the EU.

The figures for the eurozone stand at 1.3% this year and 1.4% in 2021.

The study was echoed by PricewaterhouseCoopers (PWC)’s global CEO survey which found that European chief executives see the UK as a key market for growth and investment.

The survey revealed that Britain was rated as the world’s fourth most important territory for growth, after the US, China and Germany, and that the country’s “attractiveness” returns to levels last recorded in 2015.

“When you look at the UK specifically […] you have got a little bit more certainty”, PWC chairman Bob Moritz, told the US broadcaster CNBC.

 

The IMF’s forecasts were released during the 50th Annual Meeting of the World Economic Forum which opened in the Swiss resort of Davos earlier on Monday and is attended by about 3,000 political, business and academic leaders. Britain’s post-Brexit future is expected to be one of the key topics of the gathering.

 

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