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It will be the only G7 economy to contract in 2023

It will be the only G7 economy to contract in 2023

Great Britain the only G7-which country Economie According to forecasts, it will shrink in 2023, writes A.S Watchman.

the Rishi Sonakara Under increasing political pressure after the dismissal of the head of the conservative party, Nadim Al-Zahawi, who is based in Washington International Monetary Fund Tuesday warned that British economy It is expected to contract by 0.6 percent this year, which is 0.9 percentage points worse than expected just three months ago. Economic growth Even slower than sanctioned Russia. According to the International Monetary Fund

While the outlook for all other members of the Group of Seven major industrial nations has improved or remained unchanged since October, rising interest rates and taxes have made the UK’s outlook more bleak.

Great Britain Moreover, it is the only member of the group of seven most advanced (G7) industrialized economies where the employment rate – based on the situation in the third quarter of last year – has not reached the level it was before the coronavirus pandemic.

British Prime Minister Rishi Sunak earlier this year He announced a five-point package of measuresHe was criticized for his economic policies shortly after taking power Liz Truss After the verdict. Package included inflation cut economic growth in half, jump-start economic growth, reduce the national debt, shorten waiting lists for the National Health Service (NHS), and stop illegal boat-crossers from mainland Europe.

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