IMF warns of inflation risk in UK - reports

UK recovery to lag other G7 nations

The International Monetary Fund warned on Tuesday (12 October) that inflation risks in the UK are “skewed to the upside”, The Times has reported.

IMF also said that the economic recovery has weakened in most rich nations due to the impact of the Delta variant of Covid-19, while also highlighting how supply chain issues and widespread shortages continue to plague the global economy. Following a sharp contraction in 2020 due to the pandemic, the global economy rebounded strongly in the first half of 2021 as many countries around the world opened up. But this momentum has "weakened", IMF said in its latest World Economic Outlook. According to IMF chief economist Gita Gopinath, one of the biggest problems hindering recovery is h...