British media: Britains economic growth lagged behind many countries and became the second tier of G-7.

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 British media: Britains economic growth lagged behind many countries and became the second tier of G-7.


According to IMF, the International Monetary Fund (IMF) said that, according to the International Monetary Fund (IMF), the country is further lagging behind the worlds major economies because of its loss of its position in the global economic recovery. Britain is now in the second echelon of the group of seven, with the annual economic growth of less than 2%, the same as Italy and Japan, according to the times of the times on April 17th. IMFs world economic outlook report predicts that the per capita growth of the UK economy will reach the bottom of the group by 2019. The global financial regulator also said that the Bank of England must raise interest rates to avoid inflation, because even under the current downturn, the economy is still advancing at an upper limit. The UK is expected to grow by 1.6% this year and 1.5% next year. Until recently, the growth rate of 2% is still normal. The report says the situation is becoming more familiar. With the global economic boom, most international agencies predict that Britain will lag behind others. They blame Britains backwardness on high inflation, low investment and uncertainty caused by Britains departure from Europe, and its continued sluggish productivity. Morris obsifeld, an economic adviser to IMF, said, by contrast, that the global economy is enjoying the broad momentum of American tax cuts, trade rebounds and investment growth. In January, the IMF forecast that the global economy will grow by 3.9% this year and next year, and that it will be the most extensive global and rapid growth since 2010, the report said. IMF forecasts that the per capita GDP of the UK will increase by only 0.9% next year, which is most likely to reflect the dismal prospect of the country, which is the lowest forecast in the developed countries of the G7. This article source: Reference News Network Editor: Li Hang _BJS4645 The report says the situation is becoming more familiar. With the global economic boom, most international agencies predict that Britain will lag behind others. They blame Britains backwardness on high inflation, low investment and uncertainty caused by Britains departure from Europe, and its continued sluggish productivity. Morris obsifeld, an economic adviser to IMF, said, by contrast, that the global economy is enjoying the broad momentum of American tax cuts, trade rebounds and investment growth. In January, the IMF forecast that the global economy will grow by 3.9% this year and next year, and that it will be the most extensive global and rapid growth since 2010, the report said. IMF forecasts that the per capita GDP of the UK will increase by only 0.9% next year, which is most likely to reflect the dismal prospect of the country, which is the lowest forecast in the developed countries of the G7.