UK is set for slowest growth of G7 nations in 2023

Aside from all the political turmoil in the UK, its economy is only chugging along in comparison to other western nations. While the war in Ukraine has seen global growth shrink, the International Monetary Fund (IMF) has forecast UK’s growth to be just 0,5 percent in 2023, down from 1,2 percent. This compares to 3,2 percent of growth globally and the lowest of the G7, which also consists of Canada, France, Germany, Italy, Japan and the US.