The International Monetary Fund has just upgraded its forecasts for the UK’s growth in its World Economic Outlook series. It estimated in July that growth in 2024 would reach 0.7% – that’s now upgraded to 1.1% as expectations for 2025 stick at the previously forecast 1.5%. That’s after the UK economy outperformed expectations in the first half of the year…

After providing consistently inaccurate forecasts of poor growth for the UK last year, that’s the biggest growth upgrade for any advanced economy this time round. The United States is predicted to continue powering ahead with 2.8% growth while sluggish Germany is downgraded to zero. More on the “worst economic inheritance since WW2″ as Guido gets it…