IMF: “the weakest recovery in recent history” for the UK

Activity appears to be improving, but a slow recovery remains likely: IMF

1. Recent data suggest some improvement in economic and financial conditions.

2. The UK is, however, still a long way from a strong and sustainable recovery.

3. The prospect remains for weak growth. Given ongoing domestic deleveraging pressures and weak external demand, activity is expected to pick up only gradually

4. Risks remain tilted to the downside.

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